What's new on the St Pete development scene? Vela, is an eight story, 20 unit development priced affordably from the mid - 300's. Planning is underway with hopes of construction in late summer and completion in 16-18 months. Vela is located at 8th Street S and Delmar Terrace, following the recent expansion trends of south and westward.
Komo Development Inc., supported by Koly International, orginally planned the condominium to have 40 units. However, by keeping the building small, developers were able to fit the area with a more boutique-style design. Furthermore, because the design is a U-shape, most units have ideal corner locations and desirable views. VelaStPete.com is calling the building "artistic, eclectic, and ideal." Please contact me with inquiries while reservations are still available.