Details regarding a proposed luxury-branded, 44-story condominium tower in downtown St. Petersburg continue emerging as a development group meets with surrounding stakeholders.
Speculation reached a fever pitch after St. Petersburg-based Feldman Equities issued a July 1 letter to City Center office tower tenants. It addressed and confirmed social media posts regarding the planned demolition of the building’s parking garage to make way for a new development.
The City Center’s ownership group, which includes Tower Realty Partners and publicly traded City Office REIT, discussed the proposed project Tuesday with the neighboring Saltaire’s condominium association board. Karen Carmichael, president of the St. Petersburg Downtown Neighborhood Association (SPDNA), confirmed that her organization also received a presentation Wednesday night.
Source: stpetecatalyst.com