Waldorf Astoria Residences tops $200 million in sales ahead of groundbreaking
/St. Petersburg’s first hotel-branded luxury condo tower has surpassed $200 million in sales ahead of its anticipated groundbreaking later this year.
The 50-story, 163-unit Waldorf Astoria Residences St. Petersburg, planned for 150 2nd Avenue South, reached the sales milestone roughly eight months after the development team announced the project had exceeded $100 million in sales.
The tower, which is expected to become the tallest building in the city, is being co-developed by Miami-based Property Markets Group (PMG) and St. Petersburg-based Feldman Equities, in partnership with Vancouver-based City Office REIT and Orlando-based Tower Realty Partners.
“Reaching $200 million sold at Waldorf Astoria Residences St. Petersburg is a landmark achievement and a powerful signal that demand for highly amenitized, hospitality-driven luxury residences in the Greater Tampa Bay Area is real and growing,” PMG Managing Partner Ryan Shear said in an announcement.
The $500 million tower will feature two- and three-bedroom residences, with prices currently starting at $2.9 million.
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Nordstrom Rack is coming to Seminole City Center, taking over the Sportsman’s Warehouse space as the outdoor retailer prepares to close in January.
The new 32,914-square-foot store is planned for 7967 113th Street North, according to construction bidding documents that identify EMJ Construction as the general contractor.
The project will bring the Seattle-based retailer’s discounted clothing, shoes, accessories, and home goods to the shopping center.
Sportsman’s Warehouse will close January 11th, 2027. The store is currently offering 25% off merchandise, excluding guns, ammunition, and optics.
The departure comes a little more than four years after Sportsman’s Warehouse opened its Seminole location in September 2022. The store sells hunting and fishing equipment, camping supplies, outdoor apparel, and other sporting goods.