Art House St. Petersburg Update 04/30/24

Developer Secures $182 Million Construction Loan for St. Petersburg Condominium Tower



Kolter Urban has secured a $182 million construction loan for Art House, a stunning 42-story condominium tower in the heart of Downtown St. Petersburg. The loan was provided by Bank OZK. The condominium development has surpassed $200 million in sales. Located at 200 Central Avenue, it will be constructed on what was a surface parking lot adjacent to the office 200 Central office building.  Rising to 450 feet, luxury condominium tower will be among the tallest buildings in St. Petersburg.  Planned for 244 luxury residences, two and three bedroom and 12 penthouses, the development will also include ground level retail and co-working space.  Residents will have access to Cloud 9, a ninth level amenity deck, featuring a club room, resort style pool and spa, fitness center, training room, theater, game room, outdoor dog park as well as a 482-space parking garage. Completion is estimated in late 2024.

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