Real Estate Tips and Trends… Downtown St. Petersburg’s Changing Landscape

Two weeks ago the Tampa Bay Tribune and the Tampa Bay Times published a story titled, 41-story condo planned for prime downtown St. Pete property. Developer of the project is the Kolter Group of West Palm Beach.

To say the article created a buzz is an understatement. Tentatively named Tropicana Block, the 800,000 sq. ft. proposal includes a 456-foot high tower with 253 condo units sitting atop 15,000 sq. ft. of street level retail stores and eateries. It would be adjoined by parking garages to a 152,000 sq. ft. hotel with 174 rooms.

According to Brian Van Styke, a development executive with Kolter, sales records show there is still a strong demand for condos. “It’s a growing, thriving community and a lot of people are attracted to it{St. Petersburg}as a place to live, as well as a destination and weekend travel. He said his company firmly believes in St. Petersburg’s current and long-term growth.

If you are interested in buying or selling a condo in Downtown St. Petersburg,

Call me at: 727-686-2859 or email at Estelia@kw.com

Remember – I’m only a call, click or text away.