Kevin McQuaid | Business Observer
In the wake of its success in delivering the 41-story One St. Petersburg hotel and condominium tower in downtown St. Petersburg nearly two years ago, The Kolter Group has proposed a second residential tower near the city’s vibrant waterfront.
Saltaire, a roughly $250 million project, is being designed by SB Architects to rise 35 floors adjacent to the downtown Hilton Hotel at 330 Beach Drive NE, near First Street South.
BOB VAIL, President
But unlike when Kolter began developing One, which also contains a Hyatt Place Hotel, the West Palm Beach-based development firm faces significant competition to its 35-story Saltaire project.
In addition to at least one other major condo tower proposed for St. Petersburg’s downtown, a pair of luxury multifamily rental projects also will vie for residents.
