Tampa, FL, December 16, 2014 — The once sleepy downtown area of St. Petersburg, FL is enjoying a monumental growth spurt. New businesses continue to open their doors and bring a fresh vitality to the city’s urban core. The once defunct shopping center, BayWalk, has been transformed into the open-air retail center the SunDial, filled with trendy boutiques and chef-driven restaurants. The city is also becoming a cultural hub for the arts, with the architectural beauty of the The Dali Museum nestled along the water’s edge, and a variety of other places that appeal to the city’s ever expanding demographic of art lovers.
There are over 2,500 new apartments and a limited number of condos presently planned or under construction in downtown St. Petersburg, with the demand for urban residences rising as corporations, like IQor U.S. Inc, are relocating their headquarters to the well named, City of Sunshine.
To accommodate the growth in the area, The Salvador, a 13-story condominium building, is in the heart of downtown’s Arts and Innovation district. It offers luxury amenities at a more affordable price than other new residential construction projects.
“The demand for residences in Downtown St. Petersburg is at an all-time high. The only issue we foresee in the real estate market is limited inventory. Prices in the rental market continue to rise as the demand to live in urban settings rises,” said Bob Glaser, CEO of Smith & Associates.
Walking distance to The Dali Museum (to which The Salvador is a presenting sponsor of the Dali/Picasso exhibit), the Mahaffey Theater, USF St. Petersburg, BayFront Hospital, All Children’s Hospital, The Rowdies, Saturday Morning Market, Publix and it’s own two retailers on the ground floor, The Salvador is close to it all.
The Salvadore provides an affordable urban luxury lifestyle with amenities such as an 11,000-square-foot amenity deck on the third floor, with spa, heated saltwater pool and fire pit along with a fitness center and yoga room and a two-story lobby featuring a concierge with a sitting and meeting room. Leading the trend in sustainability, it is a designated energy-efficient “green” building.
One and two-bedroom condos range from 964 square feet to 1,810 square feet, and the pair of three-bedroom penthouses are about 2,500 square feet. All homes will come with Bosch stainless steel appliances; wine coolers, gas cooktops, European-style cabinets and wide plank engineered wood flooring. Prices will start at $325,000, with most in the $450,000 to $650,000 range.
Smith & Associates encourages you to come in for a preview and will have agents on site every day to share the beauty of this contemporary building with residents looking to join the ‘Burg. Tampa-based DDA Development and Mesh Architecture are partners in the building development.
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Locally owned and operated for more than 40 years, Smith & Associates Real Estate is truly a company with its roots firmly planted in Tampa Bay. Smith & Associates residential sales exceeds 25,000 residences and, with more than 200 sales associates in offices located in Tampa, Clearwater, Belleair and downtown St. Petersburg, Smith & Associates Real Estate continues its pattern of tremendous growth in its services to the real estate market in the Tampa Bay area.