Downtown Condo Market Report January 2019 Downtown Condo Market Report | Page 3

Construction, continued North is now the Blue American Arts and Lotus and is pro- Crafts Movement, posed to be a 19-story which is attached to high-rise with 18 resi- the parking garage dential units. The new on 4th Ave North, be- project will be 180 feet tween 3rd and 4th high, versus the origi- Streets, continues as Museum of the nal proposed 300 feet. you can now really Arts & Crafts Movement The number of units get a feel for what the has gone down from building is starting to 28 to 18 to decrease look like. It is is ex- the proposed density. pected to open in May The new project still 2019. needs to be approved The Galaxy Hotel by the City Council. on the corner of 3rd Of the many town- Ave N and 1st Street Galaxy Hotel house projects go- is going up and will ing on, Regent Lane on 4th eventually be 11 stories high. It will Ave North is mostly completed. be a nice addition to our downtown They still have 4 units to sell with hotels. Things are slowly moving prices ranging from $900,000 to forward for the redevelopment of $1,200,000. In talking with some the 400 block of Central Avenue. clients that bought one of the units, Last week, New York’s Red Ap- they say they love the location and ple Group put out a full page ad that the floor plan is perfect for in the New York Times promoting their family. They are very happy their project, which would include with their decision to move there. condos, a 200-room hotel, event The construction on the new St. space and more. The current pro- Petersburg pier continues. You can posal would be 50-stories high and see they now have a path out to the would be one of the highest build- end and you can see progress be- ings on Florida’s entire west cost. ing made on a regular basis. Con- Only time will tell! struction on the Museum of the - For more information, call Rob! The SIMMS Team is proud to be a sponsor of the Downtown Business Association’s volunteer visitor experience program, The Sunshine Street Team! Watch for these friendly folks in yellow t-shirts around downtown. THE SIMMS TEAM SHARON SIMMS 727-403-5107 [email protected] TAMI SIMMS 727-743-6262 [email protected] rob johnson 727-599-7980 [email protected] www.SunshineStreetTeam.org 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. Sharon, Tami and Rob all hold the highly regarded Certified Luxury Home Marketing Specialist and Certifed Residential Specialist professional designations.