Exclusive: 41-story condo tower, hotel in downtown St. Pete to break ground ahead of schedule

When Kolter Group started planning One St. Petersburg, a 41-story condominium tower on Second Street North, its executives knew the deal could be pushing the limits of a market the size of St. Pete.

But pre-sales have surpassed Kolter’s expectations, and the West Palm Beach-based developer will break ground on the 253-unit tower and adjacent 173-room hotel in the first quarter of 2016 — 90 to 120 days ahead of schedule, said Bob Vail, president of Kolter Urban.

“We had a lot of people say, ‘Are… …read more