ST. PETERSBURG, FL – (December 30, 2015) – The Sembler Company’s latest listing is nearly 3,250 square feet of ground-floor retail space in The Salvador, one of downtown St. Pete’s newest luxury condominiums. The 74-unit, green-certified condo tower is located at 2nd St. S. and Dali Blvd. S. – just 300 feet from the USF St. Pete 5th Ave. Parking Garage, and walking distance from The Dali Museum, The Mahaffey Theater and the Central Avenue arts/entertainment district among other attractions.
“There’s already significant interest in The Salvador’s retail space, given its location near St. Pete’s hot spots and the growing residential market downtown,” said Steve Althoff, Sembler’s Senior Vice President of Leasing and Property Management. “Given the nearly 100 feet of 2nd St. S. frontage, with street parking as well as the garage nearby, we’re excited about the value-add opportunity for both the tenants and the community.”
The space currently consists of two units: one, offering 1,402 square feet as well as a patio space and 52 feet of frontage; the other, 1,846 square feet with 50 feet of frontage. Or, the two units can be combined and leased as a single space. Frank Militello and Serina Nguyen-Ho will act as Sembler’s leasing agents on this property.
“We are excited about the interest in The Salvador’s retail spaces. Our goal is to work with tenants that will complement the building and become an amenity to the new condo owners,” said Bowen Arnold of DDA Development, developers of The Salvador. “With USF St. Pete, and its new business building, as well as two nearby hospitals (All Children’s/Johns Hopkins and Bayfront) driving traffic, the Salvador’s retail space is poised to add to the vibrancy of the area.”
There are 2,400 residential units within a half-mile of the property; 685 of those are under development, and will add another approximately 1,200 people when finished. Downtown St. Pete’s 21,000 employees within one mile of the space boost daytime traffic, while the Saturday Morning Market – the largest one-day-a-week market in the southeast, regularly drawing nearly 10,000 customers – helps keep weekend traffic strong.
The Sembler Company is celebrating over 50 years of creating retail real estate value. Sembler provides a full array of retail real estate services, including development and redevelopment, acquisition, property and asset management, leasing and other related services throughout the Southeastern United States and Puerto Rico. Sembler has developed more than 325 projects totaling 27 million square feet and currently leases and manages over 11 million square feet. For more information, please visit www.sembler.com.
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