ST. PETERSBURG, FL – National developer PMG and St. Petersburg-based co-developer Feldman Equities, LLC, together with City Office REIT, Inc. (NYSE: CIO) and global hospitality company Hilton (NYSE: HLT), are proud to announce the launch of Waldorf Astoria Residences St. Petersburg, a 50-story luxury property featuring 163 residences, set to become the tallest building in St. Petersburg. Rooted in the rich legacy of the Waldorf Astoria brand, along with inspiration from the vibrant spirit of its city, this landmark property will introduce a new era of luxury to its bayfront locale through its sophisticated design and ambiance of timeless elegance. Sales will commence soon with Smith & Associates Real Estate representing sales for the property.
“St. Petersburg has become one of Florida's premier residential destinations, with an influx of new residents driving the demand for high caliber of exceptional properties,” said Kevin Maloney, founder and CEO, PMG. “After the success we have witnessed across both Waldorf Astoria Residences in Miami and Denver Cherry Creek, we are proud to once again join Hilton in bringing the Waldorf Astoria brand and its renowned world-class service to a new market, forever elevating the standards of luxury in the area. We look forward to advancing on this joint venture alongside our incredibly skilled team of partners and making a lasting impact on St. Petersburg’s skyline.”
Credit: ARX Creative
Designed by CUBE 3, with interiors curated by award-winning design firm BAMO, Waldorf Astoria Residences St. Petersburg will infuse the essence of effortless waterfront living and the city’s dynamic character into every residence through meticulous craftsmanship and intentionally refined details. Each fully finished two- and three-bedroom residence, ranging from 2,031 square feet to 3,408 square feet, will feature expansive terraces that capture glimmering bay views along with luxurious finishes and appliances that craft an ambiance of unique character and refined elegance. These residences feature custom-built closets, Italian bathroom vanities with stone countertops, and bespoke gourmet kitchens with fully integrated Sub-Zero and Wolf appliance packages, along with Waterworks fixtures, all curated by the award-winning design firm BAMO. Contemporary lighting schemes and advanced smart home technologies further enhance the living experience. Each residence will also include a private entry foyer and private balconies to enjoy expansive bay and cityscape views. The tower also features a two-story rooftop penthouse residence that encompasses 10,000 square feet with a private pool overlooking the bay.
“Our goal with the project was to strike a seamless blend between the pinnacle of modern luxury and the effortless, coastal sophistication Florida is known for,” said Anne Wilkinson, principal, BAMO. “Each texture and material was specifically chosen to pull the best of the property’s locale indoors, creating a sense of place and familiarity and relaxation while also delivering the elevated design synonymous with the Waldorf Astoria brand.”
Credit: ARX Creative
Rooted in elegant service and a consistent pursuit of timeless luxury, the Waldorf Astoria brand will deliver an impeccable, authentic, and unforgettable personal experience to those who call Waldorf Astoria Residences St. Petersburg home. One of the more prominent experiences residents will have at their fingertips is the legendary Peacock Alley-inspired Sky Lounge. A signature space for the brand rooted in elegance, this lounge located on level 46 will be distinguished by its Sunset bar, spacious pool deck, luxurious lounge spaces, and amenity terrace.
“We are delighted to further expand the iconic Waldorf Astoria brand with our newest branded residential development in Florida, marking our second standalone branded residences in Florida and our third partnership overall after Miami and Denver Cherry Creek with PMG,” said Jonathan Wingo, global head, residential projects, Hilton. “Waldorf Astoria Residences St. Petersburg underscores our commitment to bringing unparalleled hospitality and true luxury to the world’s most sought-after destinations. We could not be more thrilled to witness its caliber of unforgettable experiences and knowledgeable, diligent service complement the vibrancy and elegance of St. Petersburg for years to come.”
“Waldorf Astoria Residences St. Petersburg underscores our commitment to bringing unparalleled hospitality and true luxury to the world’s most sought-after destinations."
Also among the Residences’ over 43,000 square feet of world-class amenities, nestled along impressive floating architecture, is its unprecedented 20,000-square-foot, resort-style pool deck. Featuring a tranquil 160-foot east pool with beautiful bay views, a sunset pool with dual spas, elegant lounge areas, and a bar, this space makes for an idyllic gathering space and relaxation retreat. Overlooking the bay, the amenity suite, housed on level 18, offers a thoughtfully curated and spacious wellness center prioritizing holistic healing and connection with nature. Spaces in the center include private massage rooms, a his/her sauna, and steam rooms, as well as a state-of-the-art fitness and movement studio. Evoking moments of discovery, younger residents will also have access on this level to a kids and teen entertainment club, equipped with a discovery tunnel for them to explore. Additional amenities include a signature restaurant, a pet spa, a curated lobby with an impressive porte-cochere drop-off experience, and dedicated electric vehicle charging stations. Over 73,000 square feet of Class-A office space and about 10,000 square feet of ground-floor retail will additionally activate the space and seamlessly integrate this stunning property with its community.
“The introduction of the Waldorf Astoria brand into St. Petersburg is a testament to the natural progression and extensive growth the city has undergone over the past few years,” said Larry Feldman, CEO, Feldman Equities. “Along with our partners, we have witnessed St. Pete’s incredible rise and are eager to deliver a product to this thriving area that meets the new elevated caliber of living desired by its residents. I cannot wait to see all of the opportunities and incredible experiences the new development will contribute to this downtown.”
High-touch, personalized services will be provided at every turn to create a seamless experience for residents. Not only will they receive signature owner benefits, but residents will have round-the-clock access to a personal concierge, valet parking, doorman and bellman services, and a selection of a la carte services to ensure every aspect of one’s day is infused with empowerment and anticipatory moments that delight.
Waldorf Astoria Residences St. Petersburg facilities will be managed by Hilton, offering residents a truly refined haven through the brand’s relentless commitment to personalized service and unforgettable experiences. For more information, please visit waresidencesstpetersburg.com.
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About Hilton
Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 24 world-class brands comprising more than 8,600 properties and nearly 1.3 million rooms, in 139 countries and territories.Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed over 3 billion guests in its more than 100-year history, was named the No. 1 World’s Best Workplace by Great Place to Work and Fortune and has been recognized as a global leader on the Dow Jones Sustainability Indices. Hilton has introduced industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the more than 218 million Hilton Honors members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit stories.hilton.com for more information, and connect with Hilton on Facebook, X,LinkedIn, Instagram and YouTube.
About Waldorf Astoria Hotels & Resorts
Waldorf Astoria Hotels & Resorts is an award-winning portfolio of 34 iconic properties, each embodying a distinct sense of place through sincerely elegant service, one-of-a-kind experiences, and culinary mastery in landmark destinations around the world. The highly anticipated reopening of Waldorf Astoria New York, accepting reservations for September 1, will mark a defining moment for the brand - reintroducing a legend while ushering in a new era of luxury. Inspired by their timeless environments, Waldorf Astoria hotels deliver an effortless experience seamlessly, creating a true sense of place for guests through stunning architecture, the famous Peacock Alley, refined art collections, Michelin-starred dining and elevated in-room amenities. In addition to the brand’s world-class hotel offerings, Waldorf Astoria boasts a global residential portfolio that provides the comfort of a private home combined with unsurpassed amenities and high-touch service. Waldorf Astoria is part of Hilton, a leading global hospitality company. Experience an unforgettable stay at Waldorf Astoria Hotels & Resorts by booking at waldorfastoria.com or through the industry-leading Hilton Honors app. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits. Learn more about Waldorf Astoria Hotels & Resorts at stories.hilton.com/waldorfastoria, and follow the brand on X and Instagram.
About PMG
Since 1991, Property Markets Group (PMG) has grown into a premier national investment, development, and asset management firm focused on large-scale mixed-use residential projects. Today PMG is run by Managing Partners Ryan Shear and Dan Kaplan, currently operating across Florida, New York, Colorado, Tennessee, and Georgia. Their vertically integrated team has departments specializing in acquisitions and land use, design and architecture, construction management, capital markets, asset management, sales and marketing, as well as significant in-house legal and accounting capabilities.
PMG’s current pipeline across pre-development, construction, lease-up, and sell-out totals more than 10,000 residential units and over 20 million square feet of development. Previously announced rental projects under the Society Living brand include locations in Denver, Nashville, Atlanta, Brooklyn, Orlando, Fort Lauderdale, and Miami. Notable current condominium projects include 111 West 57th Street in New York City; E11EVEN® Club Hotel & Residences & E11EVEN® Club Residences Beyond, 38 West Eleventh Residences, One Twenty Brickell Residences, Waldorf Astoria Hotel & Residences and The Elser Hotel & Residences in Miami; Sage Intracoastal in Fort Lauderdale; One Park Sarasota and One Park West on Florida’s west coast; and Waldorf Astoria Residences Denver Cherry Creek in Colorado. PMG is additionally growing its Affordable Housing division nationally. For more information, visit propertymg.com.
About Feldman Equities
Feldman Equities, LLC encompasses a century of success in commercial real estate development and ownership throughout the United States. Feldman Equities and its joint venture partners own or manage over four million square feet of Florida office space. Over the past 30 years, Feldman Equities has developed or acquired over eleven million square feet of office and retail properties with an aggregate value in excess of $3 billion.
About City Office REIT
City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating office properties located predominantly in Sun Belt markets. City Office currently owns or has a controlling interest in 5.4 million square feet of office properties. The company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.