New Townhomes Proposed for 8th Street in Downtown St. Pete
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In a sign of confidence in the St. Pete market, a veteran real estate developer is launching a townhome development on 8th Street North in Downtown St. Pete. Located at Burlington Avenue and 8th Street, just a block from Mirror Lake, the project will be appropriately named the 8th Street Townhomes.
The development is being led by investor George Gower, who developed townhomes on Fareham Place near Beach Drive in the late 1990’s. At the time, developing new residential units in Downtown St. Pete was pretty rare. In a recent call with St. Pete Rising, Gower describes Downtown St. Pete in the 1990’s as “sleepy” and says his Fareham Place project was “one of the first new residential developments in downtown in 15 years.”
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The next phase of the Rainbow Village redevelopment in Largo is taking shape, with four new apartment buildings planned as part of a long-term effort expected to deliver approximately 400 affordable homes to the community.
Newstar Development, in partnership with the Pinellas County Housing Authority, recently filed construction permits for Grand Oaks, the third phase of the four-phase redevelopment at 13224 Washington Drive in Largo’s Greater Ridgecrest neighborhood.
Grand Oaks will replace 62 older public housing units with four three-story apartment buildings containing 120 affordable apartments for families earning between 30% and 80% of the area median income (AMI).
The $48.7 million development will include 33 one-bedroom apartments measuring 741 square feet, 60 two-bedroom apartments measuring 1,066 square feet, and 27 three-bedroom apartments measuring 1,341 square feet.
Residents will have access to a clubhouse and community building with a fitness center, sports courts, green space, and an attached wellness center, along with a playground and youth recreation center.