Luxury condo tower underway - with $75M in sales

TAMPA — Construction teams broke have broken ground on the 24-story Virage luxury condominium tower on Bayshore Boulevard in Tampa.

The project, which will occupy the former Colonnade restaurant site — one of the last unclaimed parcels on Bayshore zoned for a high-rise building — has already generated some $75 million in sales, according to a news release.

“We are off to a remarkably fast start, especially as more people who live in single-family homes are now looking closely at the peace of mind and ease of luxury condominium living,” states Jay Tallman, principal of Ascentia Development Group, which is building Virage in partnership with Batson-Cook Development Company (BCDC), in the release.

“We are thrilled to begin construction in earnest, and we are so thankful for the support we have had from this community.”

Construction kicked off with a groundbreaking event Oct. 26 that was attended by Tampa Mayor Bob Buckhorn and many future residents, neighbors and partners.

“This project will truly bring a new level of luxury to Tampa, and we are proud of all our designers, partners and stakeholders that have worked so creatively to help bring this iconic tower to life,” states Litt Glover, president and CEO BCDC, in the release.

Upon completion in spring 2019, the Virage will offer 71 residences, including 61 tower residences priced at $1 million to $2.5 million, and 10 estate and penthouse residences priced at $3 million to $5 million. According to a statement, more than half of the residences have already been sold.