Downtown St. Petersburg is the very definition of having your cake and eating it too! There are few places that offer more than this booming metropolis. Whether you want to enjoy a morning run along the bay, indulge in a complimentary Saturday morning yoga class at the Sundial, pause for Happy Hour on Beach Drive or peruse the quirky shops on Central Avenue, when you live downtown you are a walk away from virtually anything your heart desires. With several new condominiums under construction, now is the time to secure your brand new luxury condo in the heart of the most vibrant community in Tampa Bay.
Ask any St. Petersburg resident and they’ll tell you… finding new construction here is difficult! It all comes down to land. There just isn’t enough of it on our gorgeous little piece of the Pinellas peninsula. To make matters even more challenging, all of the land has already been developed at one point or another. So, whether you’re looking to build a brand new single family home or you want a brand new condo with state-of-the-art amenities you’ll have to except that your options won’t be endless but they WILL be fabulous.
“Of the 253 condos, 110 have been presold — representing $110 million in sales volume,” said Dave Traynor, development services director at Smith and Associates Real Estate. Our latest check shows only 130 units that are still available. Smith and Associates Real Estate is proud to be representing ONE St. Petersburg. In fact, the sales office is located inside the Smith and Associates office at 330 Beach Drive NE.
So, what can you expect with this new complex? Units start at $600,000 but the average sales price is $1,000,000. About 2/3 of the sold units have been purchased by residents of the Tampa Bay area. The remaining 1/3 have been bought by people from the Midwest and Northeast according to Traynor. He also notes that so far there have not been any foreign investors in the property.
Already 90 days ahead of schedule, ONE St. Petersburg also includes plans for a 13-story Hyatt hotel. The hotel portion is expected to open late next year ahead of the 2018 opening of the ONE condominiums. With a great selection of units still available for purchase, it’s an excellent time to make your selection and ensure you get the floorplan and view you desire. It’s already the talk of the town and it will certainly be one of the most prestigious new addresses in downtown St. Petersburg when it opens in 2018.
If you’re looking for new construction with a timeline closer to completion than look no further than The Salvador. Named for the famous artist, Salvador Dali, this building will be as unique as it is green. 75% of the units have already been sold and the project is expected to be complete by January 2017. Our latest check showed only 20 units remaining available for purchase in this beautiful new building.
What can you expect if you decide to call The Salvador home? Let’s start with just about every amenity you can imagine. Enjoy a glass of wine on a cool Spring night overlooking the fire-pit conversation area before you fire up the gas range for a fabulous meal on the 11,000 square foot amenity deck. It’s the dream backyard you’ve always wanted without the cost or hassle of upkeep! Meditate in the bamboo water garden or enjoy yoga in the outdoor space. Most units come with two parking spaces with the option to purchase additional spaces if needed. Oh, and we almost forgot… there’s an elevated pool deck with a spa and heated saltwater pool!
Inside you’ll find extra security for your protection as well as a club area with a kitchen and large television. There’s also a large fitness area with tons of equipment and a concierge on staff 8 hours daily. Combine all of this with the prime downtown location and you’re looking at a lovely place to call home.
The Salvador is represented by Smith & Associates Real Estate as well.