New Developments - St. Petersburg FL

One St. Pete­

"St. Pete's latest Condominium High-Rise!"

A new high-rise condominium is set to be built in the center of Downtown St. Pete. It will be called "One St. Pete" and be the tallest building in Downtown, standing at 41 stories high. One will have 253 condo units ranging in size from 1,400 sqft to 2,500 sqft. Prices will start at $600,000. One will also host a hotel, restaurants, and numerous shared amenities design to deliver residents a luxurious city lifestyle and location.

Hermitage­Apartments

10175038_616807591721200_6370601398748787792_nST. PETERSBURG — Builders will break ground soon on a downtown apartment building the size of a city block, adding to a flood of new rental construction in an area developers are betting is a gold mine of young urbanites.Allen Morris Residential said Wednesday it would start construction in July on eight stories of apartments planned for 700 First Ave. S, where the Coral Gables development firm just bought 2 acres for $5.25 million in cash.

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Called the Hermitage, the­$65 million project, expected to­open by the end of 2015, would feature­348 one- and two-bedroom apartments, developers said. Rental prices were not disclosed.

Urban Landings and Harbour’s Edge

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The other day while viewing my site stats I noticed an interesting search term brought a viewer to this blog. The term was: “how are harbour’s edge and urban landings the same apartment complex”. It’s a very valid question that I thought I’d clear up.­Many times on this site I have referred to the “Urban Edge” apartment project. But Urban Edge is actually a complex consisting of two seperate communities. One community is Urban Landings and the other is Harbour’s Edge. These two names combine to give the project name “Urban Edge”.

So why are there two apartment communities in the same complex­

The answer is actually pretty simple. One portion­caters to the needs of seniors on fixed incomes while the other is more market driven. Harbour’s Edge is an age restricted 55+ community with rents ranging from ­$717 for a one bedroom/ one bathroom unit to $914 for a three bedroom/ two bathroom unit. Units range from 667 ­to 1093 square feet. Some amenities at­Harbour’s Edge include:

  • Community Amenities
  • Planned Resident Activities
  • Computer Training
  • Literacy Training
  • Health and Nutrition Classes

Meanwhile, Urban Landings apartments charge more market driven rents which will range from $1399 to $1599 for two bedroom and three bedroom units, respectively.­Units will be either 925 or 1093 square feet.

It’s a great idea to mix two different demographics in the same apartment complex. Downtowns thrive on diversity, and I think the more people who live downtown the better it will get. The City of St.Petersburg should encourage more developments like the Urban Edge project.

Beacon­430

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The Sol, an apartment project being developed by the NRP Group on a parking lot once owned by the Tampa Bay Times, is now named Beacon 430. The project is located at 430 3rd Ave S and consists of 326 apartments ranging from studios to three bedroom units between 600 and 1,200 square feet. The project is two blocks west of­Campbell Landings­and one block from the­Harbour’s Edge­apartment project.

Amenities at Beacon 430 include:

  • Resort style pool
  • State-of-the-art Fitness Center
  • Yoga Room
  • Second floor sitting room and library
  • Conference room
  • Business center
  • Reflection Terrace
  • Veranda with grills and cabana

Beacon 430 will begin leasing in Spring 2014.

New 72 Unit Condo­Tower

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According to the St.Petersburg Tribune, the Development Review Comission(DRC) approved a 16 story, 72 unit condo tower slated to be built on 145 4th Ave N in Downtown St.Petersburg.

The $40 million project would have 13 residential floors above a three floor parking garage.

Many neighborhood associations opposed the proposed project because they believe it is too large for the historic neighborhood. ­However, the Walker Whitney Plaza condo tower is less than a block away and is of similar size with 56 units on 13 floors.

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