Allen Morris On Real Estate

Leasing at the Hermitage Apartment Homes™ has commenced

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Leasing at the luxury residential rental development in St. Petersburg, Florida gains momentum;

construction slated for completion by end of first quarter 2017

Leasing has commenced at The Hermitage Apartment Homes™, the The Allen Morris Company’s luxury mixed-use multi-family rental development in downtown St. Petersburg, FL. The project is slated for completion by the end of first quarter 2017.

The Hermitage Apartment Homes has already secured dozens of tenants despite recently launching leasing activities in November 2016. It is proof-positive of the robust demand for multi-family

residential apartments in downtown St. Petersburg, and that residents demand the high quality architecture, art and amenities designed into The Hermitage.

The Hermitage Apartment Homes is located at 151 7th Street South and encompasses a 2-acre city block located directly across from the city’s latest grocery store. The project was developed by affiliates of The Allen Morris Company and AIG Global Real Estate Investment Corp.

The Hermitage Apartment Homes is comprised of 348 spacious studios, one- and two-bedroom rental residences within the eight-story building and features floor-to-ceiling windows, chefs island kitchen, granite countertops and glass-enclosed showers. The residential units range from 529 square feet to 1,259 square feet and are priced starting at $1,485.

“We are thrilled to be in the final stretch of construction and look forward to delivering an inspiring and innovative development,” said W. Allen Morris, Chairman and CEO of The Allen Morris Company, one of the largest diversified real estate firms in the Southeast. “The Hermitage Apartment Homes™ is a transformative addition to St. Petersburg as the city’s dynamic real estate market is experiencing increasing demand for multi-family housing in prime locations.”

Set in the heart of downtown St. Petersburg’s art district, the development is steps away from the city’s finest retail shops, art galleries, museums, marinas, medical and university campuses. It is also adjacent to the Pinellas County bike-jog trail with a Walk Score and Bike Score of 90 and 94, respectively.

To complement its distinct features and thoughtfully curated contemporary art and sculpture gallery display that is showcased in the lobby and throughout the property, the LEED certified development boasts a full array of resort-like amenities for its residents to enjoy including a rooftop pool and spa, fitness center, outdoor kitchen and sky deck, full business center conference rooms and shared workspaces, electric car charging stations, bicycle-oriented storage, pet wash and grooming facilities, and private dining and meeting areas with expansive bay views.

 

“We are proud to contribute to the city’s well-known vibrancy with an inspiring and innovative development,” added Morris. “The Hermitage Apartment Homes™ will be the centerpiece of the downtown area and we are confident that residents will enjoy the comforts afforded by the residences and amenities as well as appreciate St. Petersburg’s lively community and lifestyle.”

The Hermitage Apartment Homes’™ leasing office, located at 151 7th Street South, is open Monday – Friday from 9 a.m. to 6 p.m., Saturday from 10 a.m. to 5 p.m. and Sunday from 12 p.m. to 5 p.m. For more information, call (727) 202-4232 or visit http://www.hermitagestpetersburgfl.com/.

 

About The Allen Morris Company:

The Allen Morris Company is one of the largest real estate firms in the Southeast U.S. specializing in commercial, multi-family residential and mixed-use developments, leasing and brokerage as well as property management. With offices in Miami, Coral Gables, Fort Lauderdale, Orlando, Jacksonville and Atlanta, The Allen Morris Company has served its business and investment clients for over 58 years. For more information, please visit http://www.allenmorris.com or follow us on Facebook at www.facebook.com/TheAllenMorrisCompany or on Twitter @allenmorrisco.

 

About AIG Global Real Estate

AIG Global Real Estate, founded in 1987, comprises a group of international companies within AIG that invests in and actively manages approximately $18.8 billion of real estate for clients and AIG member companies in various countries. The business includes AIG Affordable Housing (representing over 102,000 multi-family units across the United States), and the investment management of Stowe Mountain Resort. More information can be found at http://www.aig.com/aig-global-real-estate.

 

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