As of late, we've been seeing a mass explosion of construction in the downtown area of St. Petersburg. New projects and community developments seem to be popping up all over the place! Well to add to the area's explosive growth, here's another exciting addition to this already hopping section of Pinellas: ONE St. Petersburg - a 41 story, state-of-the-art complex off of Central Avenue complete with a retail base, a restaurant, elevated pool deck, garage for residents, 253 luxurious condominium units with views of the beautiful Gulf waters and lovely St Pete, as well as a separate tower housing 174 hotel rooms. Complete with beautiful modern architecture, this building is sure to add a dash of class to the already impressive downtown scene!
This latest development by The Kolter Group is rumored to cost a whopping $120 million and will likely tower over the rest of the city as St.Petersburg's tallest building overall. Units will vary in size from 1400 to 2500 square feet and start at $600,000. About 75% of the units will feature unobstructed views of the east. On top of that, it sports a highly covetted location just one block from Beach Drive and the Sundial, the site formally known as the "Tropicana block". The onsite sales center should be openning in a few short weeks, but the project's construction isn't expected to begin until early 2016. Completion is projected all the way into 2018.
Of course, this project is only one of many recently announced condo projects that continue to hit the Downtown St. Pete market. Among some of the others include The Salvador - a 13-story complex located off of Dali Blvd on the south side of downtown, and Bliss - a 19-story tower less than a block away from Beach Drive. Add these to the numerous apartment projects currenty under construction or recently completed and you've got a winning recipe for a booming urban metropolis, a perfect description of the downtowm St. Pete community. As this point, there are no signs of stopping or slowing down when it comes to the downtown development, and thank god for that!