Kolter to build two new condos in downtown St. Petersburg

As Tampa Bay’s luxury condo market heats up, one developer is doubling down on St. Petersburg, with two new projects planned for downtown.

Delray Beach-based Kolter Group has identified two sites that it says are ripe for redevelopment: 235 Third Ave. N. — the former home of athletic retailer Fit2Run — and 333 First St. SE — where the Hilton Bayfront St. Petersburg currently stands.

“This has been a long-term plan for us,” Brian Van Slyke, the company’s regional president for Florida’s West Coast told the Tampa Bay Times. “We’ve had tremendous success with our projects in St. Pete.”…

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