High Demand Drives Downtown St. Pete Townhome Development

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High Demand Drives Downtown St. Pete Townhome Development

Over a thousand new residential units will be coming to Downtown St. Pete over the next couple of years. With over 15 developments either under construction or proposed, the combined impact of these projects is creating Tampa Bay’s best community to live, work, and play.

Showing confidence in the Downtown St. Pete market, investor Jeff Craft with NV Holdings is embarking on multiple projects in and around St. Pete’s urban core.

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Authentic Brownstones Coming to Downtown St. Pete

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Authentic Brownstones Coming to Downtown St. Pete

Downtown St. Pete’s newest residential community will bring a bit of northeast charm to the Sunshine City.  The Brownstones St Petersburg will pay homage to an architectural style found frequently in cities such as Chicago, Boston, and New York City.  Located on the corner of 4th Ave N and 1st St N, these new homes will be only one block away from the popular Beach Dr. and at the site of formerly proposed condo project Maranatha by the Bay.

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Reservations Remain Strong as ONE St. Petersburg Releases New Penthouse Renders

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Reservations Remain Strong as ONE St. Petersburg Releases New Penthouse Renders

With the tailwinds of a red hot downtown real estate market at its back, ONE St. Petersburg has continued to far exceeded expectations.

Since having an official grand opening event in February around 120 units have been reserved, representing sales of over $126 million. Dave Traynor, of Smith & Associates, said about a third of the reservations have come from existing St. Pete residents while another third have come from other areas in Tampa Bay. The remaining third have come from out of area buyers primarily from the Northeast and the Midwest.

Soaring over 450 feet, ONE St. Petersburg will be the tallest building in St. Petersburg and in Pinellas County. The 41-story, 253 unit condo tower, which is expected to break ground in the first quarter of 2016, will be located at 100 First Ave N. 

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Brick and Mortar Restaurant Opens on the 500 Block in Downtown St. Pete

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Brick and Mortar Restaurant Opens on the 500 Block in Downtown St. Pete

For years, Tampa has arguably had a better selection of dining options than its brother across the bay, St. Petersburg.  Jason Ruhe and Hope Montgomery opened Brick and Mortar to the public last week, simultaneously elevating St. Pete’s culinary game.

The restaurant and catering company is located at 539 Central Avenue in Downtown St. Pete, taking over the parcel previously vacated by St. Pete Brasserie in September 2013. Holding 50 people inside and 17 on the patio outside, the space feels very intimate.The decor is flush with rustic charm.Raw unfinished wooden tables are lit up by vintage light fixtures hanging from the ceiling and natural sunlight spilling inside from the floor-to-ceiling windows.

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Pom Pom's Brings Wild Sandwiches & Tea to St. Pete

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Pom Pom's Brings Wild Sandwiches & Tea to St. Pete

This Monday, your new favorite local eatery will open in the Grand Central District of St. Petersburg: Pom Pom’s Teahouse and Sandwicheria.This marks Pom Pom’s second location, the other being in Orlando, where it enjoys a cult-like following. 

Walking into the brand new location, it quickly becomes apparent that this isn’t your average sandwich and tea shop.  You are immediately greeted by bright green and orange floors and royal blue walls adorned with local art.

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Project: The Salvador

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Project: The Salvador

Just announced today by Smith & Associates Real Estate, the newest condo project in Downtown St. Petersburg will be The Salvador. The announcement of this project is unsurprising given that two other luxury condo projects- Rowland Place and Bliss– have had strong sales.

The Salvador will be a 13 story green certified building housing 74 luxury condo units. This project is being developed by DDA Development along with the MESH architecture group to offer 1 & 2 bedroom units from 964-1810 sqft as well as 3 bedroom, 2500+ sqft penthouse units.  The location of this project is just another sign

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Sundial Releases Tenant Lineup

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Sundial Releases Tenant Lineup

Last week Sundial released its tenant lineup and announced it was 90% leased.   I've given the store lineup a few days to sink in and I must say that while I'm not taken aback by the stores, I am impressed. In today's retail market it takes a lot for a brand to risk opening a store, let alone in a previously failed downtown retail center. 

While there isn't a famed J.Crew or an Apple store, what we got is a very diverse mix of national and local retailers, which I think is great.

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Project: DRC Approves 72 Unit Condo Tower

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According to the St.Petersburg Tribune, the Development Review Comission(DRC) approved a 16 story, 72 unit condo tower slated to be built on 145 4th Ave N in Downtown St.Petersburg.

The $40 million project would have 13 residential floors above a three floor parking garage.

Many neighborhood associations opposed the proposed project because they believe it is too large for the historic neighborhood.  However, the Walker Whitney Plaza condo tower is less than a block away and is of similar size with 56 units on 13 floors.

To read more about the 145 4th Ave N Project click here.

PROJECT UPDATE: Rowland Place

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From the Rowland Place's Facebook: 

It starts with a great foundation!

Rowland Place's first concrete pour creating its solid foundation was completed last week. Now, it’s only "up" from here!

One thousand five (1,005) square yards of concrete make up the foundation at Rowland Place. The Rowland Place construction team worked 14 hours straight and the results are “rock solid.” Stay tuned to watch Rowland Place develop into the newest in Luxury Urban Living!

Rowland Place is a six story, 20 unit currently under construction near Beach Drive. Its units will sell for between $500,000 and $800,000. It is being developed by JMC Communities.

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For more information on Rowland Place visit their website.

To view more of our articles written about Rowland Place, click here.