St. Petersburg, FL (September 18, 2018) – Nine Months after breaking ground, The Related Group’s Icon Central in downtown St. Petersburg, FL, celebrates its “topping-off” or completion of the structural building phase. This major milestone in construction takes Icon Central an important step closer to its Summer 2019 delivery.
Constructed over the entire 2.5-acre city block fronting Central Avenue, between 8th Street and Martin Luther King Jr. Street, Icon Central will be home to 368 luxury apartments and over 37,000 square feet of commercial retail space including the beautifully restored historic 1920’s Union Trust Bank Building.
“From the very early days of development, we knew we wanted to create a property that not only raised the bar on residential projects in St. Pete, but also complimented the city’s unique vibe and honored its history. We’re happy to see Icon Central start to meet each of those goals and are looking forward to surpassing all expectations upon delivery,” said Jessica Suarez, Vice President of Development at Related and lead on the Icon Central property.
With construction topped off, Smith & Associates Real Estate is beginning to market the available commercial space for lease as the exclusive commercial listing agent, which includes the newly renovated 18,700-square foot 1920’s Union Trust Bank building and 6,500 square feet of highly visible end-cap space on the corner of Central Avenue and 8th Street.
“Smith & Associates Real Estate is proud to be part of a team comprised of skilled developers, architects, and builders working on this exciting new project,” said Bob Glaser, President and CEO of Smith & Associates Real Estate. “Restoring the neo-classic design of the historic Union Trust Bank and making it the cornerstone of the development, while offering modern updates, is what makes St. Petersburg such an exciting place to be. Icon Central is merging modern design while honoring the past, and that truly reflects the city’s unique cultural identity.”
Pat Calhoon, Commercial Broker for Smith, believes the nationwide trend of designing urbanscapes that merge work/play environments fulfills the demand of how people want their urban environments to feel. “Icon Central revitalizes an entire block in the trendy Central Arts District with a hip, modern design — embodying contemporary urban living while respecting St. Petersburg’s history. It will be a signature building in the neighborhood, making it a highly desirable commercial location,” added Calhoon.
For more information on Icon Central or to inquire about available commercial leases, please visit https://iconcentralsp.com.
About Smith & Associates Real Estate
Founded in 1969, Smith & Associates Real Estate is Tampa Bay’s largest independent and locally-owned real estate brokerage with a commitment to exceptional service and superior market knowledge. Deeply embedded in the community and comprised of six strategically located offices in the Tampa Bay area, Smith & Associates Real Estate is the number one luxury brokerage firm of $1M + residences with an average price of $1,771,179 as of December 31, 2017. Chosen to be on the 2017 Real Trends 500 for both Sales Volume and Number of Transactions, Smith & Associates Real Estate is nationally recognized as a leader in the Real Estate industry. For more information on Smith & Associates Real Estate, visit smithandassociates.com.
About The Related Group
Established in 1979, The Related Group is Florida’s leading developer of sophisticated metropolitan living and one of the country’s largest real estate conglomerates. Since its inception, the privately held company has built, rehabilitated and managed more than 90,000 condominium, rental and commercial units. The firm is one of the largest Hispanic-owned businesses in the United States with a development portfolio of projects in excess of $15 billion.
The Related Group has earned international status for its visionary designs and development of luxury condominiums, market-rate rentals, mixed-use centers and affordable properties – often in emerging neighborhoods that impact the lives of all demographics. The Related Group has redefined the new cycle of real estate by diversifying both its products and buyers, expanding internationally with projects in Mexico, Argentina, India and Brazil, while sponsoring public art installations that enhance cities’ global culture and streetscapes.
TIME Magazine named Founder, Chairman and CEO of The Related Group, Jorge Pérez, one of top 25 most influential Hispanics in the United States, and he’s made the cover of Forbes twice. Currently, The Related Group has over 70 projects in varying phases of development, led by Chief Operating Officer, Matt Allen, and five division presidents, including Carlos Rosso, President of Related Condominium; Steve Patterson, President of Related Development; Albert Milo, President of Related Urban Development; and Larry Lennon, President of TRG Management.
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