January 05, 2016

9-Story Apartments to Break Ground in Downtown St. Pete This Month

January 05, 2016/ Anthony Close

Yesterday, St. Pete Rising broke the news of a proposal for a 22-story luxury apartment tower at the former Onyx nightclub site in Downtown St. Pete. Today, directly west of that block, there is another proposal for a 9-story luxury rental building being developed by The NRP Group.

The NRP Group is no stranger to Downtown St. Pete. They also developed Beacon 430, which is one block south of this project. In September 2015, Beacon 430 sold for $84.5 million — which works out to around $259,000 per apartment at the 324-unit property.

March 12, 2015

Feldman Equities is Making Their Mark on Downtown St.Pete

March 12, 2015/ Anthony Close

With the hustle and bustle of Downtown St.Pete's residential real estate market, you may never notice the impact that the boom is having on downtown's office market. Over the past few years Feldman Equities, led by CEO Larry Feldman, and their partners, have been making their mark on Downtown St.Pete's office scene by scooping up underperforming office buildings.

December 04, 2014

Project: Central & 16th Redevelopment

December 04, 2014/ Anthony Close

On the western edge of Downtown St. Petersburg lies the appropriately named Edge District, a Florida Main Street Community of shopping, dining, and living. If you haven't explored the Edge District you're missing out, they have a ton of restaurants and cool antique shops. This area has been booming and has become a unique destination.

November 24, 2014

Project: ONE St. Petersburg

November 24, 2014/ Anthony Close

I'm a little late with this post but nonetheless I'm very excited to tell you about ONE St.Petersburg, a huge new project in the heart of downtown. ONE St.Petersburg will be a 41 story, 253 unit condo tower complemented by a garage and retail base along with a second tower featuring 174 hotel rooms.

The Kolter Group is developing this $120 million project that will likely become St.Petersburg's tallest building.

October 22, 2014

Project: USFSP Kate Tiedemann College of Business building

October 22, 2014/ Anthony Close

From the green benches of "God's Waiting Room" to the green and gold of the USF Bulls, USF St.Petersburg (USFSP) seems poised to expand it's role on downtown. Over the past few years there has been a lot of change on the small bay front campus including the addition of on-campus housing, a newly constructed student center, and the creation of new campus green space.

But don't expect the projects to stop there. If newly hired Chancellor Sophia Wisniewska has her way USFSP could double its enrollment to 10,000 students by 2024.

August 13, 2014

St.Pete "Pocket Projects"

August 13, 2014/ Anthony Close

Pocket parks are small parks that are accessible to the public, but they are usually very tiny in comparison to larger parks (think Central Park). However, despite their size, they can create a network of green space to help enhance neighborhoods and communities. I see smaller real estate developments the same way. These so-called "pocket projects" can enhance urban corridors and revitalize neighborhoods. Because many pocket projects lack the size and scale of larger developments they usually receive less publicity, but I think they are just as important. While there's no definition of what makes a development a "pocket project" I'm going to share a few local developments I would consider pocket projects that you may not have heard about.

July 10, 2014

Project: Arlington Townhomes

July 10, 2014/ Anthony Close

The Arlington
Stories: 4
Units: 34 townhomes

A new townhome project in Downtown St.Petersburg is under development a few blocks west of Mirror Lake. This 34-unit development will feature homes between 1,700-2,100 square feet. Looking at the renders it appears that each townhome will be 3 stories with a 4th floor terrace, some of which will offer striking skyline views. This project will be a great addition to downtown.

A statement from The Arlington St.Pete website:

We are excited to announce that The Arlington St Pete is coming soon to Downtown St Petersburg! Located at 8th Street North and Arlington Avenue North the urban contemporary community will offer thirty-four townhomes ranging in size from 1,700 to 2,100 square feet.

June 05, 2014

Project: Bliss Condominiums

June 05, 2014/ Anthony Close

Just announced today, a new condominium tower called Bliss is under development less than a block off of Beach Drive. This project will replace the Buckley Moss gallery and is adjacent to Rowland Place- a 20 unit condo project currently under construction. Bliss will consist of 30 units across 19 stories with most units featuring 3 bedrooms and 2.5 bathrooms and 2,140 square feet of living space. According to this post, prices will start around

April 17, 2014

The Biggest News of the Day

April 17, 2014/ Anthony Close

If there's one thing for certain it's that Downtown St.Petersburg is booming. Almost daily there seems to be news of new construction or new restaurants or someone doing something big. The transformation seen in Downtown St.Pete over the past decade is almost unbelievable and it hasn't stopped. With all the development going on, someone has to argue: What does it take to be considered the biggest news of the day in Downtown St.Petersburg?

February 13, 2014

PROJECT UPDATE: Rowland Place

February 13, 2014/ Anthony Close

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.