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Kolter Urban Inks $182M Construction Loan for St. Pete Condos
Kolter Urban has secured a $182 million construction loan from Bank OZK for the construction of Art House St. Petersburg at 330 Beach Dr. NE. The 42-story project’s construction has reached the halfway mark with anticipated delivery slated for 2025. There are 244 residences, priced from $1 million.
Designed by the SB Architects, floor plans will range from two to three bedrooms, several with a den, spanning 1,380 to 2,637 square feet with a collection of 12 penthouses on the top three floors. Residences will feature terraces that will showcase views of the city skyline.
In Tampa, Kolter Urban is under development of ONE Tampa and has delivered Hyde Park House along Bayshore Boulevard. The company has completed 21 projects, delivering over 4,300 residences. Its current investment in 12 projects is expected to deliver a total of over 1,300 residences.
- ◦Development
- ◦Financing
