Connect with us


St. Pete Icon Central apartment complex sells for nearly $150M

Veronica Brezina



The Icon Central building. GoogleMaps.

The luxury downtown Icon Central apartment complex has sold in a nearly $150 million deal.

The 15-story, 368-unit complex at 855 Central Ave. was sold to Camden Central LLC, the Camden Property Trust,  in a $149.6 million deal, or $406,666 per apartment unit.

Capitol Corporate Services Inc. acts as the agent for the Camden Property Trust. The Camden Property Trust is the same owner of the 357-unit Camden Pier District, which is planning an expansion that will add an 18-story, 95-unit tower to the complex at 330 3rd Street South.

An advertisement for the apartment building currently indicates a name change from Icon Central to Camden Central.

The Icon Central complex was completed in 2019 by Miami-based firm The Related Group for a project cost of roughly $80 million. The complex is on a prime real estate corner, sitting between the Central Business District and the Edge District.

The Related Group did not immediately respond to a request for comment; however, the company’s website does not show a listing of the property. The group’s other listings for Tampa Bay area properties include the Ritz-Carlton Residences in Tampa and many properties throughout South Florida.

The complex has 484,433 square feet of living space offering studio, one-, two- and three-bedroom apartments. The square footage of the units ranges from 576 square feet to 3,245 square feet.

The amenities include a state-of-the-art fitness center, yoga studio, zen garden and spa with private treatment rooms, sauna and a steam room. On the 8th floor, there’s a rooftop terrace with cabanas, an outdoor kitchen and fire pits.

There’s also a residents’ area that offers a movie theater room, a game simulator and a “museum-quality art collection” with work by Salvador Dali, according to the apartment’s website.

The sale follows a recent purchase from Tricera Capital, a Miami-based firm that has invested in downtown St. Petersburg and Sarasota.

Last month, Tricera Capital paid $11.1 million for the 15,000 square feet of ground-floor retail space and the adjacent Union Trust Bank Building.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

By posting a comment, I have read, understand and agree to the Posting Guidelines.

The St. Pete Catalyst

The Catalyst honors its name by aggregating & curating the sparks that propel the St Pete engine.  It is a modern news platform, powered by community sourced content and augmented with directed coverage.  Bring your news, your perspective and your spark to the St Pete Catalyst and take your seat at the table.

Email us: spark@stpetecatalyst.com

Subscribe for Free

Share with friend

Enter the details of the person you want to share this article with.