By Anthony Close | St. Pete Rising
Amid the fanfare of the coronavirus pandemic, a significant project in Downtown St. Pete has taken steps toward becoming a reality. Saltaire, a 35-story condominium tower proposed for 300 1st Street South, recently announced it has broken ground on the site of the former parking lot of the Hilton St. Petersburg Bayfront Hotel.
Back in October 2019, Ashford Hospitality Trust, the owner of the Hilton Bayfront, sold the hotel’s 1.65 acre parking lot to KT St. Pete Bayfront, LLC for $17.5 million. KT St. Pete Bayfront, LLC is controlled by the Palm Beach County real estate development firm Kolter Group which is developing Saltaire.
Units at Saltaire are being marketed by Smith & Associates and are priced between $850,000 for tower residences and $5 million for penthouse units. For more information on Saltaire visit their website.
