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Windward at Harborage Marina condominiums – St Petersburg, Florida

Vector Properties seems to have put Windward at Harborage Condiminiums back on the burner. They reapplied for their variance to build this condo project, and the EDC granted it.

This was previously approved in 2005, and Vector had a sales office set up on site. In August 2006 the developers closed the office and returned deposits, postponing the project due to the condo market.

Previous prices ranged from $700,000 to $3,500,000 in a project with two 11 or 12 story towers on the west side of 4th St S and a 4 story waterfront building. These prices are comparable to condos right in the heart of downtown, so it will be interesting to see if enough people are willing to invest that much in a condominium further from downtown. The developers are probably counting on purchasers from the owners of boats in the Harborage Marina.

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