Retail Condo Sells for $6M at Echelon City Center in St. Pete

Walton Street Capital paid $6 million for the ground-floor retail condominium at 100 Main St N in St. Petersburg's Carillon Park. The 14,000-square-foot Waterview Retail Center sits within Echelon City Center, a 20.5-acre master-planned mixed-use district under construction in north St. Petersburg. Franklin Street brokered the deal, announced October 27. Sellers were Third Lake Capital and Echelon partners.

The space is fully leased to five tenants: Publix Liquors, Back Bar, Feathersound Smiles, Modern Medical and Brothers Thomas Bespoke Café. Several leases run through 2031 or later.

The development partners describe Echelon City Center as a $1 billion district. Full buildout calls for more than 2,300 multifamily units, 150,000 square feet of retail, 20,000 square feet of office and a 120-key hotel. Echelon is the developer; ARC3 Architecture is the architect.

Three residential towers are complete. WaterView at 100 Main St N, which houses the retail condo, is 15 stories with 226 units, built in 2021. Park & Main at 221 Main St N, 17 stories and 176 units, was completed in 2024. ClearView at 101 Main St N, 14 stories and 363 units, was completed in 2026. District amenities include resort-style pools, an infinity pool, a club lounge, fitness center, coworking space, a dog wash station, rentable storage and dry cleaning lockers.