Kolter Group Tops Out Luxury Condominium Community Tower on Snell Isle St. Petersburg, Fla.

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The Water Club project alone provides over 200 employment opportunities through its many local subcontracting firms and contributes close to $2 million monthly back into the local economy. Since August, Water Club Snell Isle has successfully converted approximately $12 million in contracts.

Since August, we have successfully converted approximately $12 million in contracts. Our initial group of owners includes local residents from just two blocks away to owners from across the ocean in Europe, with five states and two countries represented.

Recently, The Kolter Group hosted approximately 250 people to celebrate the topping off of their new waterfront condominium tower, Water Club Snell Isle, located at 1325 Snell Isle Boulevard NE, St. Petersburg. Local subcontractor, Williams and Son, completed the roof slab of the 9-story towers twelve days ahead of schedule, bringing the June 2014 occupancy date closer to reality.

“Water Club is the only new-construction condominium available on Snell Isle. In fact, it’s the first new waterfront condominium on Snell Isle in over 40 years,” said Bob Vail, Kolter Urban President. This new construction marks/validates the return of the St. Petersburg real estate market and provides a significant contribution to the local economy. The Water Club project alone provides over 200 employment opportunities through its many local subcontracting firms and contributes close to $2 million monthly back into the local economy.

“Since August, we have successfully converted approximately $12 million in contracts. Our initial group of owners includes local residents from just two blocks away to owners from across the ocean in Europe, with five states and two countries represented. Our diverse group of owners is looking to transition from a single-family home to the maintenance-free lifestyle of a private condominium community. We have also been pleasantly surprised by the interest of local residents living in downtown St. Petersburg who feel Snell Isle is a more upscale, private area, but still close enough to downtown restaurants, attractions, cultural activities to readily enjoy. People like being able to have more free time to pursue their favorite interests,” said Dave Traynor, Vice President of Real Estate / Developer Services, Smith & Associates.

“We’ve had an overwhelming positive response to the vision and quality of the project since its introduction in March of this year. Our buyers appreciate our aggressive development timeline and the quality of the offering. They are eagerly watching the building, and their residence, take shape,” said Vail. Occupancy for Water Club’s first residents is on-schedule for June 2014.

KAST Construction, a full-service firm from West Palm Beach and General contractor for Water Club, has managed more than $350 million in completed projects since 2008. KAST President Michael Neal said, “Because the demand in the local marketplace is so strong, Kolter has deployed tremendous resources to Water Club. In previous projects of this scale, homebuyers experienced a much longer timeframe to be able to occupy and enjoy their residence.”

Highlighted by a Transitional design by Tampa-based Curtis Gaines Hall Jones Architects, Water Club boasts a direct waterfront location on the east side of the island which provides long-range bay views into the Tampa skyline. Community amenities include a state-of-art fitness center, tropical resort-style swimming pool and an open-air palazzo featuring a formal terraced garden area and a casual fire pit overlooking Tampa Bay, as well as on-site kayak storage and access for exploring Snell Isle Harbor and beyond. Water Club also offers a limited number of available boat slips for sale, or, residents can take advantage of the St. Petersburg Yacht Club amenities right next door.

Priced from the $500s, Water Club offers four condominium floor plans, sized from approximately 1,863 to 2,108 square feet. Planned building features include private elevator lobbies and secured, covered parking. These 84 residences will be offered in two nine-story towers. In addition, the project will also include 11 two-story townhomes with private two car garages.

For more information visit Water Club’s on-site sales gallery at http://www.WaterClubLiving.com, or call 877-839-8104.

About Kolter:
Headquartered in Palm Beach County, The Kolter Group is a privately owned full spectrum investment, development and construction firm. Since 1993, Kolter and its affiliates have entered into over $9 billion of real estate transactions across multiple asset classes and geographies. Financially strong, forward thinking and committed to the future, the company has a portfolio of exceptional residences throughout the southern United States. Recognized as one of Florida’s leading developers, Kolter brings more than 17 years of experience in Florida development and construction to each of its communities. Their current offering of fully amenitized residential communities spans across the Southeastern United States and totals more than 40,000 units. For more information about the developer and their communities, visit Kolter.com.

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Mickey Liera

Anne Sullivan
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