50-story Waldorf Astoria Residences St. Petersburg surpasses $100 million in sales
/The Waldorf Astoria Residences St. Petersburg has eclipsed $100 million in sales, marking a major milestone not just for the planned development but for the entire luxury real estate market along Florida’s west coast.
The record-breaking sales achievement comes shortly after the opening of the sales gallery marketing the 163 residences in the 50-story, which is expected to soon break ground at 150 2nd Avenue South.
It will be St. Pete’s first hotel-branded luxury condominium tower and the tallest building in the city.
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Plans have been revealed for two 44-story condominium towers at the site of the Hilton St. Petersburg Bayfront, in what would be one of the largest condo developments ever proposed for downtown St. Pete.
Delray Beach-based Kolter Urban recently circulated a site plan application to neighborhood and business associations outlining a $325 million redevelopment of the hotel property at 333 1st Street South.
If built as proposed, the towers would rise up to 509 feet. Only two existing or planned towers in St. Petersburg would be taller: the 515-foot Residences at 400 Central and the 539-foot Waldorf Astoria Residences planned at 150 2nd Avenue South.
The two new towers, which have been designed by 10 Design, would tie for the city’s third-tallest buildings, ahead of the 450-foot Art House and ONE St. Petersburg towers and the 408-foot Saltaire.
The proposal calls for 325 condo units, 17,988 square feet of commercial space, and a 519-space parking garage.
Kolter would also make 207 spaces in the adjacent Saltaire garage available to residents, for a total of 726 parking spaces.