On Thursday, the St Petersburg City Council unanimously approved a lease and development agreement between the City and Exact Shell Dash LLC to develop an affordable and energy efficient townhome project at 1120 16th Street South in the Campbell Park neighborhood of St. Pete.
The $2.5 million project will feature ten homes, including the historic Shell Dash Cottage, which will be relocated to the site from its original location at 856 2nd Avenue North near Mirror Lake. Once the move is complete, the Shell Dash Cottage will be renovated into a two bedroom, two bath live-work unit and be proposed for designation to the St Petersburg Register of Historic Places.
The remaining nine units will be newly constructed concrete block townhomes built in the traditional bungalow style. Each three bed, two bath unit will be approximately 1,277 square feet and include a front porch, contemporary landscaping, large windows, and a chef-inspired kitchen.
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Pre-leasing is now underway at 3rd & 3rd, a 33-story apartment tower expected to welcome its first residents in mid-December in downtown St. Petersburg.
The 262-unit building is located at 235 3rd Street South across from the Publix-anchored University Village shopping center. Third Lake Partners, along with St. Pete-based developer Echelon, are developing the project.
KAST Construction broke ground on the tower about two years ago.
3rd & 3rd will include one-, two-, three-, and four-bedroom residences, including three four-bedroom penthouses, along with a 330-space parking garage and approximately 15,000 square feet of ground-floor retail space.
One-bedrooms are currently priced from $2,730 to $3,075 a month, while two-bedroom residences start at $4,570 and three-bedroom units start at $8,585.
The development is already 20% reserved, according to Echelon Senior Vice President of Development Cody LeClair.