Residential development in downtown St. Petersburg marches on with the latest announcement of a 13-story, 74-unit condominium within a block of the The Dali museum.
Smith & Associates Real Estate will begin brokering pre-construction sales for The Salvador on Oct. 17. The public is invited to visit Smith & Associates office, at 330 Beach Drive NE, from 4 to 7 p.m. on Oct. 16 to learn more details about the project.
The upscale condos from DDA Development will feature tall windows and glass doors opening to private balconies, stainless steel appliances, European style cabinets, quartz countertops, gas cooktops and wide plank porcelain tiles for the latest in luxury flooring.
Home owners can choose among one-and-two-bedroom residences from 964 to 1,810 square feet. Spacious three-bedroom penthouses with more than 2,500 square feet will be available on the top floor.
Currently price ranges for one bedrooms along Beach Drive are about $315,000 to $450,000. Two bedrooms are about $440,000 to $750,000. And penthouses will go for about $1.2 million to $1.4 million.
The ranges may be tweaked, says David Moyer, director of developer services sales for Smith & Associates Real Estate. “We’re getting a little bit of feedback,” Moyer says. “We’ll finalize this before we start sales.”
The intent is to provide an upscale residential experience at an attractive price, less costly than other real estate along ritzy Beach Drive. “There is a lack of inventory for sale for a new product such as The Salvador,” Moyer says.
The Salvador will have an “art-influenced” design by Mesh Architecture, the same firm that is working on Bliss, a 30-unit condominium on Fourth Avenue, off Beach Drive. Balfour Beatty Construction is the contractor and the building will be green-certified with the latest in energy-efficient technology.
The Salvador is the latest in a steady stream of apartment and condo projects ready for occupancy, under construction or on the drawing board. Downtown St. Petersburg continues to attract young urban professionals and others seeking the vibrant energy of an urban life style with everything within walking distance for living, working and playing.
In July Coral Gables-based Allen Morris Company announced plans for The Hermitage, an eight-story apartment building and hotel complex covering a city block at 700 1st Ave. S. Two condominiums, Rowland Place and Bliss, are planned off Beach Drive. And American Land Ventures plans a 15-story apartment tower on Third Street South. Beacon 430, Urban Edge and Modera Prime 235 also are adding to the increasing count of apartments and condos. Read Boom! Downtown St. Petersburg Awash in new apartments.