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Ovation Standing on Original Pricing

ST. PETERSBURG, FL-The developer of the luxury condos sees no need for discounts.

By Carl Cronan | Updated on August 23, 2009

ST. PETERSBURG, FL-One of the city’s most ambitious residential condominium projects is sticking to its original price points even as other nearby projects are slashing theirs. Ovation, a 27-story waterfront condo tower, is still asking at least $1 million for its luxury units.

Ovation’s developer, St. Petersburg-based JMC Communities, says it has received its certificate of occupancy from city officials, allowing its first residents to move in while sales continue on remaining units. The Beach Drive project offers 45 estate-sized residences with only two per floor, plus four full-floor penthouses.

“We set out two and half years ago to design and build the finest residential tower in the Tampa Bay area, inside and out, with high-quality, highly customized homes that are personalized for each buyer,” says Mike Cheezem, CEO of JMC Communities. “Following years of meticulous preparations, that vision is now a reality.”

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