Related Group explores possible condo project in downtown St. Petersburg
The Miami-based firm has broken ground for an apartment development there
Miami-based Related Group is exploring a possible condominium development in downtown St. Petersburg.
Related chairman and chief executive officer Jorge Pérez said he wants to develop an “iconic” condo building there. It would be Related’s first condo development in St. Petersburg.
Pérez said downtown St. Petersburg combines “urban livability” and “a mix of water views that is difficult to find,” according to the Tampa Bay Times.
The Related chairman and CEO made his comments about a possible condo development during the company’s groundbreaking ceremony for a 368-unit apartment development in downtown St. Petersburg called ICON Central.
Related is developing the 15-story apartment building, together with a seven-story parking garage and 35,000 square feet of retail and restaurant space, on the 800 block of Central Avenue.
Related has several apartment developments in nearby Tampa, including Manor Riverwalk on the former site of the Tampa Tribune newspaper, Town Westshore in the city’s Westshore Marina District and the recently completed ICON Harbour Island, which is about 40 percent leased. [Tampa Bay Times]— Mike Seemuth