After a bevy of luxury hotel brands attached their names to new condo projects in Tampa, the city across the Bay is aiming for its first five-star condo development.

Local real estate firm, Feldman Equities, is partnering with national developer Property Markets Group (PMG) and City Office REIT on a project announced this month to transform a downtown parking garage in St. Petersburg into a luxury condo tower, the Tampa Bay Times reported.

Dan Kaplan, managing partner at PMG, said in a statement that the partners are "actively finalizing plans to bring a five-star, luxury-branded condominium project to St. Petersburg, which will continue to enhance the vision city officials and community leaders have for the city."

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