As May finishes up we have a lot to report on regarding downtown St. Pete and the surrounding areas. More new construction downtown and the demand is still going strong. There is an amazing amount of development going on – so much so that it’s hard for most people to stay fully informed. Have any questions about development downtown?
We’d love to find the answer for you if we don’t know it already. It’s my job as your St. Petersburg Realtor to keep you informed with updates on both residential and commercial development. Feel free to reach out to us if there is anything you’d like to know that our blog posts don’t answer.
RE/MAX National Housing Report
Looking back at the month of May we are still seeing extremely low listing inventory. Sellers know that now is a great time to sell, however some are reluctant to list because they would then have to compete with the many buyers when they go to purchase a new home.
Mortgage rates are at a low point for 2017. Will this hold? Be sure to call your preferred mortgage lender to get a rate locked down before they go up again. Need a recommendation for a mortgage lender? Let us know and we will be happy to recommend one.
We have recently learned that a developer from Michigan has announced plans to build an apartment building with a twist on the edge of downtown St. Pete. This complex aims to appeal to the millennial generation by providing smaller affordable studio apartments in a great location.
The developer wants to make this complex similar to how a cruise ship is set up. Small personal living areas with more space dedicated to communal areas to encourage socialization. These communal areas will mostly be located on the rooftop with views of the Downtown St. Pete skyline.
The rooftop will have a pool, a fitness center, a yoga studio and a hot tub. This concept of less personal space and more communal space is a welcoming idea for many millennials and may set a new precedent for communal living. This project will start construction in early 2018 with plans to be completed by summer of 2019.
Downtown New Construction
Looking to live in the exciting growing area of Downtown St. Pete? There are many new construction projects that are in the works. Some are near completion while many are under construction or still in the planning stages. Now is the time to consider your options and reserve a new home.
Here is our Downtown New Construction page where you can view all homes for sale that were built in or after 2016.
Hawthorne Bottle Shoppe located in the Grand Central District is showing signs of early success. This alcohol market / bar & restaurant fusion opened in late February of 2017 and currently maintains a 5 star review with over 100 reviews on Facebook.
Visitors enjoy the relaxing atmosphere that is equipped with modern trendy decor and comfortable open spaces to enjoy craft beer on tap, wine by the glass or a selection of previously bottled beverages. Instead of buying a bottle of wine at your local wine shop and taking it home to drink, you are able to open your wine at the shop and they will provide glasses and no corkage fee.
The store front has large floor to ceiling windows and off to the side you will find a spacious patio.
Right after Push Nightclub shut down for good, the demand for club style night life was immediately filled by The Estate nightclub located at 179 1st Ave N. This nightclub describes itself as stylish and high-energy, the type of scene most club-goers love to immerse themselves in.
They offer a comfortable environment with hand crafted premium cocktails and table side whiskey cart service to serve up stirred manhattans and old fashioned mixed drinks. If you like to dress up and experience the club scene, this is the newest place in St. Pete to do it. As of today this club is maintaining a 5 star status with 100 reviews on their Facebook page.
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(all data current as of 7/4/2020)
Listing information deemed reliable but not guaranteed. Read full disclaimer.