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It’s no secret that hard work pays off, which is why we are delighted to see multiple of our real estate development projects featured in St. Pete Rising’s recently published article, A Year of Rising: Here’s What’s Planned for Downtown St. Pete in 2021. The following is an excerpt taken from St. Pete Rising’s article.
After 2020 seemed like a never-ending year, we are optimistic about what 2021 will bring for St. Pete. There is no doubt that COVID-19 had, and will continue to have, an impact on commercial real estate all over the United States — and St. Pete is no exception. Last year several developments in downtown St. Pete were paused, put on hold, or cancelled entirely due to the impact of the COVID-19. However, despite the pandemic, there has continued to be developer interest in the area and we expect downtown St. Pete to fare well in 2021.
Exterior rendering of 400 Central, planned for Downtown St. Pete.
Will 2021 be the year 400 Central breaks ground? We expect a sales center for the project to open at 465 Central Avenue in the first half of the year, and depending on sales, the massive 45-story tower could break ground before the end of the year. 400 Central, which is being developed by Red Apple Real Estate, will include 300 condominiums and a 225-key boutique hotel.
Domus Urbana, a five-story 40-unit condominium project proposed for 644 3rd Avenue South will likely break ground in the first half of the year. The development is already over 50% sold. Pricing on the remaining units starts in the mid-400’s.
Front elevation rendering of Reflection St. Pete, planned for the Mirror Lake district in St. Petersburg.
One of our most anticipated ground breakings this year is for Reflection, an 81-unit condominium tower, fronting the beautiful Mirror Lake with unobstructed views of the downtown St. Pete skyline. Over 37% of the units have been reserved and pricing starts in the 500’s. Reflection will include a massive 12,000 square foot rooftop oasis with a resort style pool, sauna, and spa. The 18-story building will also have about 3,300 square feet of ground floor retail space.
Also be on the lookout for Driftwood on Central, an 11-unit mixed-use townhome community, to break ground at 2875 Central Avenue in the Grand Central District.
Saltaire will continue to make progress this year but is not expected to be completed until 2022.
A pair of townhome communities, Six Point Row and The District on 9th will wrap up construction this year. Six Point Row is located at 2611 1st Avenue North in the Grand Central District. All 19 units have been sold. The District on 9th, which started construction in 2017, experienced long delays when the developer, ICON Residential, went bankrupt. Recently, Canopy Builders and Tampa Bay City Living bought the remaining units and will wrap up construction in the next six months.
Have we piqued your interest? Learn more about Clear ph Design’s real estate development project, services, and capabilities here.