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."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.