Luxury doesn’t preclude discounts at Signature Place

Rising 36 stories above the St. Petersburg skyline, Signature Place is the final relic of a housing boom now becoming a fading memory. As just weeks remain before the $170 million tower welcomes its first residents, Gulf Atlantic Communities Inc. is offering buyers “significant” reductions on pre-construction prices, a bid some observers believe is a consequence of unfriendly appraisals. But its nothing more than recognizing value loss in the market and giving buyers a fair deal, said developer Joel Cantor. The building was constructed at a cost of $238 a square foot. Units sold pre-construction between $299,000 and $3.2 million.

Click here to enter the Tampa Realtors MLS (updated daily)
Register to receive an email every morning of today's new listings
Visit my website or contact me by email