DDA Development has pulled together a team to work on a luxury condo project at 126 4th Ave. NE in downtown St. Petersburg.
The project, called The Nolen, will have 31 units in a 23-story structure, a spokeswoman for DDA confirmed. It will be 288 feet tall, with 1,260 square feet of ground floor retail space and 63 parking spaces, as well as 33 bicycle spaces, on the lower three stories. Prices for the condo units are expected to begin at over $1 million.
The project team also includes Backstreets Capital, Place Architecture and Kippen Communications, all based in St. Pete, as well as Smith & Associates Real Estate.
“The Nolen will offer a new level of sophistication to the burgeoning luxury condo market in St. Petersburg. We have put together a dynamic team to bring this project to life and look forward to The Nolen becoming a part of the downtown community,” a statement from the project team said.
The Nolen will be on the same site where JMC Communities previously planned The Perry, a 12-story, 20-unit boutique condominium. JMC had agreed to move the Bay Gables house, an historic structure currently on the site, to the corner of 8th Ave. N. and Dartmoor Street. The city’s Community Planning & Preservation Commission approved that plan in October 2019.
DDA, based in Tampa, has two other projects underway in St. Petersburg. It’s working with Backstreets Capital on Sixty90, an apartment development at 6090 Central Ave. that will have 204 units, with 90 percent of them designed as workforce housing.
DDA also is part of the team developing Orange Station at the Edge, the mixed-use project at the site of the old St. Petersburg Police headquarters.
DDA previously developed The Salvador and Campbell Landings in St. Petersburg as well as several Tampa projects.