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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South Carolina-based multifamily developer Greystar Real Estate Partners, in partnership with St. Pete-based Blake Investment Partners, has topped out The Henry at Whitney Village, a five-story, 325-unit apartment complex under construction in St. Petersburg’s Grand Central District.
The building is located on 3.37 acres on the east side of the Jim & Heather Gills YMCA at 3200 1st Avenue South. Greystar purchased the property from the YMCA in January 2025 for $12 million.
“We are proud to have reached this important milestone and look forward to welcoming residents to the Henry at Whitney Village in Spring 2027,” David King, managing director for development at Greystar, said in a statement to St. Pete Rising.
The apartment complex is part of the first phase of Whitney Village, a five-acre mixed-use development on a portion of the YMCA property that will include apartments, retail, and a renovated YMCA facility.
The first phase also included an extensive renovation of the 25-year-old, 54,000-square-foot YMCA facility on the west side of the property, funded by proceeds from the property sale.