Downtown St. Pete is set to see another luxury townhome development as the real estate market continues to see extraordinarily low inventory and strong buyer demand. Several projects in the downtown area have recently sold out including The Royal, a 13-unit townhome development on 4th Avenue South, and Six Point Row, a 19-unit townhome project on 1st Avenue North in the Grand Central District. This demand is fueling the need for more residential units at all price points.

Coming off the success of their last project, the team behind Driftwood on Central, an 11-unit sold-out mixed-use and townhome development that is currently under construction in the Grand Central District, has announced their latest project – SOMA.