Downtown St. Petersburg is bustling and growing from buildings popping up everywhere. With two newly constructed high rises and a skyscraper on the way, builders are doing their best to keep up with the raising demand for property. Even though more and more buildings are being created, the need for additional apartments and condos just seems to grow even higher every day; it seems as though the excitement of living downtown is just too much to resist.
At least that’s what Bowen Arnold of DDA Development is saying. He states that over the last few years, new opportunities to grow keep presenting themselves and he couldn’t be more excited about it. People are just eating up the idea of living in the excitement of downtown St. Pete. In fact, now that construction is complete on Salvador Condos, it’s filling up so fast that Arnold actually sold four units in just 30 days.
And that’s not all. On the other side of town ONE St. Petersburg is 81% sold out.
So, what is it that makes these properties extremely desirable? There are a couple of different explanations.
The first, and most important reason, is that the generation gap has been crossed. This means that there are diverse groups of people, from their early 20’s to their late 70’s, that are all interested in buying units in these high-rise properties. This increases demand and market of desirability for these units.
The second reason has to do with location. These available units are only 15 minutes away from the beach and close to a plethora of exciting, interesting restaurants. Just the idea of being able to walk to dozens of fun activities is enough to have people pouring in. Although the units are filling up fast, Arnold says that he plans on constructing more buildings as soon as possible to ensure there’s plenty of living space for whoever wants to move to downtown St. Petersburg.
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