Signature Place - newest condo in downtown St Pete
For the last couple of weeks Signature Place has been accepting Nonbinding Offers. This has led to rumors of trouble, as 400 Beach, a downtown luxury condo whose developer has recently filed bankruptcy, has also been soliciting Nonbinding Offers.
Not the case for Signature Place, according to the sales staff. Previous contracts were all Unfinished Building contracts, and now that the building is done, new contracts had to be approved by the State of Florida, appropriate to a finished building. In the meantime, they were accepting Nonbinding Offers. They expect this coming week to be ready with the new contracts for a completed building.
They expect to start closings the second half of June 2009.