Waldorf Astoria Residences St. Petersburg Update 07/15/24

Luxury Hotel-Branded Condominium Tower Proposed in Downtown St. Petersburg

 

 

Developer Property Markets Group has plans for a hotel-branded condominium development in downtown St. Petersburg. Waldorf Astoria Residences will be a 44-story condominium tower with 150 residences. The tower, which will be the first five-star luxury hotel branded condominium development in St. Petersburg, will rise on the site of the current parking garage for the City Center office building. The office building will remain operational during and after construction. The development will be a standalone Waldorf Residences building and will not include a Waldorf branded hotel. The building will include 10,000 square feet of ground level retail space, with several floors of parking above the retail space and three floors of Class A office space above the parking garage and below the residences. Sales are expected to launch later in 2024, with construction slated for the second half of 2025. Construction is expected to take at least two years, with completion in late 2027 or early 2028.

Photo: City Center St. Petersburg

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