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Grand Bohemian St Petersburg may not keep the condos

Richard Kessler, developer of the Grand Bohemian Hotel & Residences in downtown St Petersburg, Florida, has asked the city of St Petersburg for a modification and extension on his contract with the city to buy the land at the northwest corner of 1st Ave N and 2nd St N. The request eliminates the luxury condos from the project and wants to delay construction commencement to April 30, 2009. Based on that, completion of the hotel would be  Fall 2011.

Originally designed as 82 luxury condos and 166 hotel rooms, the latest redesign had 22 luxury condominiums and 292 hotel rooms. There have not been enough presales of the condos fo close on the construction loan.

The St Petersburg City Council is scheduled to vote on the request today.

Hopefully the council will allow the extension as having the Grand Bohemian Hotel in downtown St Pete would be a wonderful addition to a beautiful downtown.

Spoken by Sharon Simms | Discussion: No Comments »

Grand Bohemian St Petersburg progress

Today when I passed the corner of 2nd St and 2nd Ave N in downtown St Petersburg, in addition to the familiar signs of the Grand Bohemian luxury hotel and condominiums "coming" I saw a large, new sign. HUNT Construction. Any sign of progress is good. The Grand Bohemian will be a great addition to downtown St Petersburg. The Grand Bohemian Orlando is a happening place to be after work – I expect the one in St Pete will be also. The luxury hotel condominiums (not a condo hotel, but luxury condominiums on the floors above the hotel, with use of all the hotel services, will be a first for St. Pete.

Spoken by Sharon Simms | Discussion: No Comments »

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