A group of Canadian investors have made it possible for The Sage
Condominiums in St. Petersburg to begin renting units that offer urban
amenities such as a fifth-floor terrace pool, club house with bar, media
lounge and art program for under $2,000 a month.
The
Sage, located on the corner of 4th Avenue and 4th Street S., sits
within walking distance of
downtown St. Petersburg and
the
University
of South Florida's St. Pete campus. Despite its amenities,
convenient location and panoramic views of Tampa Bay, units were not
selling as well as expected. Enter Canada.
"Seventy-five
condominium units were purchased by Bayshore Investors, LLC, a
partnership formed by
Southwest Properties Limited and
Armco Capital
Incorporated of Halifax, Nova Scotia, Canada," explains Gordon
Laing, Southwest's president and CEO.
Laing
says his interest in The Sage stems from the region's positive growth.
"Tampa Bay is one of the largest metropolitan areas in Florida, with
strong employment opportunities and vibrant recreational and shopping
amenities," he says. "In particular with The Sage, it's ideally located
near the University of South Florida and Bayfront Medical Center, as
well as the waterfront, shops and restaurants."
Pashé Douglas-Sampson recently moved to St. Petersburg to start
her occupational therapy career. She chose The Sage after a search
around town. She was the first rental resident.
"I
used to live in Miami and am used to living in towers and condos. I
wanted to find something similar. When I first came here I didn't notice
this building. But once I went inside I knew it was where I wanted to
live. I really, really love the structure, the floorplans. And the pool
has a great view of the city."
Writer:
Missy Kavanaugh Source: Gordon Laing, Southwest Properties Limited; Pashé
Douglas-Sampson, The Sage Condominiums
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