June 07, 2024

36-unit condo building approved for 3rd Street South in downtown St. Pete

June 07, 2024/ Anthony Close

Local real estate firm NJR Investment and Development Company is moving forward with plans for a five-story condominium building at 357 3rd Street South after a unanimous approval by St. Petersburg’s City Council.

Named Aerie on 3rd, the 36-unit condo building will rise on a 0.34-acre site across from Camden Pier District. NJR previously proposed a 15-unit townhome community dubbed Claridge Lane Townhomes on the site.

“We’re very exited to be able to give even more people the opportunity to live the downtown experience in St. Petersburg” said Neil Rauenhorst, CEO of NJR Investment and Development Company. “We’ve worked hard to provide the right mixture of design and amenities, in just the right balance, to offer prices that are lower than expected.”

April 03, 2024

36-unit condo building coming to 3rd Street in downtown St. Pete

April 03, 2024/ Veronica Brezina

Local real estate firm NJR Investment and Development Company has revised plans for its latest St. Pete project - more than doubling the number of residential units.

The team has filed plans for Aerie on 3rd, a 36-unit condo building that will rise at 357 3rd Street South, across from Camden Pier District.

NJR previously planned to build a 15-unit townhome community dubbed Claridge Lane Townhomes on the 0.34-acre lot.

“We think the market can support a condo project with 36 units in a five-story building,” CEO Neil J. Rauenhorst said to St. Pete Rising. “We see continued strong demand for condos in several downtown high-profile buildings.”