Downtown Condo Market Report Downtown Condo Market Report July 2017 | Page 3

Construction, continued is on Lot 2 and is listed at $969,000. $1,200,000. All three units have been The developer expects the project to completed. be completed by the end of The Vela project on 8th summer. Street South is still pre-sell- The Brownstones (on ing, with a starting price of the corner of 4th Avenue $347,000, but no construc- N and 1st Street) has gone tion has begun on the site. into a holding pattern. The The Fifth Avenue Town- listings have been removed homes are on the north from the MLS and the side of 5th Avenue North, signs around the building between 1st and 2nd site have been removed. Streets. The ten-unit proj- If all goes well, in about six ect is starting construction ONE St. Petersburg months they will try to re- and hopes to be completed launch the project, but for now we will by the end of 2017. Pricing starts in just have to wait and see. the high $700s and goes to the mid- Regent Lane is moving along. The $800s. The units will range from schedule is still to be completed by 2,600 to 2,700 sq ft over three stories, the end of 2017. The lowest price with a 4th floor rooftop terrace. listed right now is $898,500. On the The 35-unit townhouse project 801 Center City Townhomes, the two- Conway, to be built on 8th Street unit project at 325 2nd Street N, one North has been cancelled, citing per- of the homes has been sold. The sec- mit issues. There are still several ond unit was listed at $1,400,000, is townhouse projects coming along as under contract and expected to close you move west from downtown to- in September. Both units are com- ward the EDGE District. pleted. Liv233 on 4th Avenue North For more information on these or is looking very good. They only have any other projects, call Rob! one unit left, with an asking price of Center City Townhomes Regent Lane THE SIMMS TEAM SHARON SIMMS 727-403-5107 [email protected] TAMI SIMMS 727-743-6262 [email protected] Liv233 Fifth Avenue Townhomes from demolition of the former La Veranda Bed & Breakfast in January (at far left) to significant progress toward completion in July. Join us on the third Thursday monthly for the Porch Party! The SIMMS Team is among the Coastal Properties Group advisors sponsoring the MFA Porch Parties for 2017. See past issues and/or subscribe for monthly e-mail updates at www.DowntownStPeteCondos.com. Prefer to save a tree? Email us at [email protected] with your name and/or address and we’ll remove you from the printed mailing list. rob johnson 727-599-7980 [email protected] Sharon, Tami and Rob all hold the highly regarded Certified Luxury Home Marketing Specialist and Certifed Residential Specialist professional designations.