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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A 16-story apartment tower has been proposed across from the University of South Florida St. Petersburg campus, replacing a larger project approved for the same property last year.
The proposed development would rise at 446 4th Street South, at the northeast corner of 5th Avenue South and 4th Street South.
The 0.7-acre property is currently home to a 105-year-old commercial building previously occupied by Fresenius Kidney Care American Dialysis Center and an adjacent surface parking lot.
The project, which would be developed by Charleston, South Carolina-based The Beach Company, will contain 165 apartments, approximately 3,200 square feet of ground-floor retail space, a 176-space parking garage, and 178 bicycle spaces.
It’s a significant change from the development St. Petersburg City Council approved for the site in February 2025.