Tuesday, January 5, 2016
Second Luxury Apartment Tower Planned by South Florida Developer
Demand continues to be strong for high end rentals in downtown St. Petersburg. Contributing factors to the spiked interest point to the abundance of bars, restaurants, ambiance, and urban amenities.
South Florida developer, American Land Ventures, is under contract to buy a site for its second luxury apartment tower in downtown St. Pete. Located on the northern half of the block between Third and Fourth Streets South and Second and Third Avenues South, the site is set for a 22 story, 210 unit tower. It is across from an 18 story building almost completed. The proposed tower will have one, two and three bedroom apartments priced at market rates for luxury units int he area.
American Land's second luxury apartment tower will share the neighborhood with a nine story, 366 unit apartment complex being built by a Cleveland company, Beacon 430 which is a 326 unit rental complex, Hermitage which is a 348 unit building, and a 35 story, 306 unit tower planned for a vacant lot on Second Avenue North.
The explosion of apartments in downtown St. Petersburg warrants a close eye. Give us a call and we can monitor the growth together. Keyvan Kohan 727-565-1658 or www.Suncoasthome.com.