The Nolen, a luxury condo project in downtown St. Petersburg, reached a new key milestone Tuesday.
The St. Pete Development Review Commission approved the site plan to construct the 23-story condominium tower planned for 146 4th Avenue Northeast.
The $28 million hi-rise development will offer 31 units, a three-story parking structure, and 1,260 square feet of ground-floor retail space.
Bowen Arnold and John Schilling at DDA Development are the developers. The project team also includes Backstreets Capital, Place Architecture and Kippen Communications, all based in St. Pete, as well as Smith & Associates Real Estate.
Floors five through 15 will have two residential units per floor, and floors 16 through 23 will have one residential unit per floor.
The site has two existing structures, one of which is used as a bed and breakfast dubbed the Watergarden Inn at the Bay.
That structure, which was originally built in 1912 as a residence, will be moved to a vacant lot at the northeast corner of 8th Ave. North and Dartmoor Street North.
The building on the western side of the subject property operates as a hotel, which was also built as a residence. This second structure will be demolished.
The Nolen will also be on the same site where JMC Communities previously planned The Perry, a 12-story, 20-unit boutique condominium.
The DDA Development group heading The Nolen project is also currently working on the Orange Station at the Edge, a mixed-use development planned for 1301 1st Avenue North.
DDA previously developed The Salvador and Campbell Landings in St. Petersburg, as well as several Tampa projects.