After less than a year of construction, 525 Water condos has “topped off” according to a press release, which means the building has reached its maximum height. The five-story building will contain 108 condos and is adjacent to the new St. Augustine’s Church, where a groundbreaking ceremony was held last month. 525 Water is also adjacent to the new 3.5-acre Waterfront Park. The above photo was taken in early June when the building was only at three stories.
PN Hoffman and Madison Marquette are partners on this development, which will be the first residential building to deliver at The Wharf. Delivery is scheduled for next summer and condo sales are slated to begin this fall. Prices will begin in the $400s for studios with the largest three bedroom units selling for over $1 million. 525 Water will be joined by VIO, which is the second condo building planned during phase one of development. Sales at VIO will begin this summer.
Also in Wharf news, a tower crane is now visible for the planned Intercontinental Hotel – signage on the crane is illuminated at night. The WBJ reports that three additional tower cranes have been recently approved for the site, which is now a huge hole in the ground.