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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For years, The Joint’s patio had the bones of a great outdoor hangout: space to sit, a neighborhood crowd, and the kind of laid-back setting that feels made for a cold beer and a game on TV.
What it did not have was much protection from Florida’s sun and rain.
That is about to change. The Joint, the longtime Jungle Terrace tavern at 7630 34th Avenue North, has added a covered patio, an outdoor bar, fans, and seven TVs.
Owners Ben Scherlis and Francesco “Fran” Balzano expect to welcome customers into the new space later this month, although an opening date has not yet been finalized.
“We just wanted to open this space up and make it a whole new outdoor concept where people can sit outside, order food and drinks, and watch TV, same as you could inside,” Scherlis said in a conversation with St. Pete Rising. “It’s just giving people another option.”