Parking lot sale clears way for downtown St. Pete condo development
October 15, 2019 - Ashford Hospitality Trust (NYSE: AHT) said it has sold a 1.65-acre parking lot adjacent to its Hilton St. Petersburg Bayfront Hotel in St. Petersburg for $17.5 million. The lot is the future site of Saltaire, a 35-story luxury condominium being developed by The Kolter Group. The St. Petersburg City Council approved the project in August. After the project is completed, Ashford will have ownership rights to 205 covered parking spaces in the new parking garage for use by Hilton St. Petersburg Bayfront guests, a news release said.