Just as The Bezu will overlook a Duke Energy power
station, the 747 North project also has an unusual location for a luxury condo
— on 4th Avenue N right near an 1-275 exit ramp. But listing agent Kelly Lee
McFrederick said that shouldn't deter buyers.
"The parking garage will be higher than the off
ramp so even the first units will be higher than the ramp," she said.
"There will be some landscaping, it will have high impact windows and the
building itself will be all concrete and very impervious to noise. Also, the
land elevation is 42 feet above sea level. We are one of the highest and driest
places in St. Pete to build."
Each of the 18 units will have three bedrooms, three
bathrooms, a laundry area, wine cooler and two deeded parking spaces. Units
will range from 1,836 square feet to about 1,950 square feet and be priced from
$450,000 to $500,000.
McFrederick said three units already are under
contract. Unlike most condo projects, 747 North can proceed with only a few
units pre-sold because the developer, Fourth North Holdings, acquired the land
fairly inexpensively and owns it outright.
"When the city says, 'Good to go,' we can go at
any moment," McFrederick said.
The family behind Fourth North Holdings also
developed the Casablanca Towers on 8th Street S and 341 Lofts on 5th Street S,
both in St. Petersburg. The newest project, north of Central Avenue, is an area
that has seen a recent explosion of residential development though mostly of
two-story townhomes.
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