Local real estate development news platform, St. Pete Rising, published the article “Reflection, a proposed 18-story condo tower in St. Pete, is over 40% sold,” in lieu of Reflection hitting the a milestone marker in the pre-construction sales phase.
Below is an excerpt from the St. Pete Rising article. Read the full story here.
Downtown St. Pete’s Reflection condominium project continues to move toward ground breaking.
The 81-unit tower, which is proposed for the northeast corner of 3rd Avenue North and 8th Street, has surpassed $30 million in sales with reservations exceeding 40% of the building.
The project was announced early last year with sales kicking off in September 2020. Conversions of the reservations to contract will begin later this month and a ground breaking is slated for the second quarter of this year. Construction is expected to take about two years with a completion expected in mid-2023.
The sales team, which is being led by Brian Sprague, Director of Sales at KW Commercial Services, along with Rachael Manzanares and Michelle Menke Fife, has seen an increase in interest for larger units, so much so that the building was reconfigured to introduce a new larger floor plan – the Onyx.
Onyx residences will occupy the southern portion of the building on the twelfth through seventeenth floors. With nearly 3,200 square feet of living space – including 2,695 interior square feet and 495 terrace square feet – the units will be the largest in the building. The Onyx units will have two full bedrooms along with an office and a den.
“We continue to see demand for larger units in the building and believe the Onyx floorplan will meet the needs of these buyers,” says Jon Wittner, Founder of KW Developer Services. “These units will offer views of the Skyway Bridge along with the downtown St. Pete skyline.”
Another unique offering in the building is the seventh floor residences with expansive terraces. Because of the building’s setback from the garage base, units on the seventh floor of Reflection feature expansive outdoor areas which the team is referring to as “urban yards.” For example, the Citrine residence on the seventh floor features under 2,000 square feet of outdoor terrace space along with 2,048 square feet of interior space.
Interest in the building has come from as far as Hawaii with a steady stream of inquires from major cities like Chicago and New York. However, the team also noted that there has been substantial local interest as well, especially from renters at nearby luxury apartment buildings like Icon Central and the Hermitage, both of which are located a few blocks away.