North America’s largest private homebuilder to build 53 luxury townhomes on Gandy in north St. Pete
/The largest privately owned homebuilder in North America has acquired 10 acres in north St. Petersburg, where it plans to build a luxury townhome community.
Earlier this month, Toronto-based Mattamy Homes purchased 53 fully entitled townhome sites at 12000 Gandy Boulevard from Miami-based Key International for $12.64 million.
The property is part of the 39-acre Amara Bay Residences & Marina, a mixed-use project currently in development by Key International that will also include 418 apartments across six four-story buildings, an 8,000-square-foot waterfront restaurant, and a 37,800-square-foot public marina with 150 boat slips.
Key International purchased the entire Amara Bay site for $14.44 million in 2022.
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A long-delayed project that will deliver 24 affordable homes for working families is nearing completion and preparing to welcome its first residents.
The bright white-and-blue, two-story townhomes line 6th and 7th avenues South near 22nd Street South, directly across from the Manhattan Casino.
The City of St. Petersburg purchased the land in 2007 for $2.2 million using a federal grant. However, the project was not announced until 2019 under former Mayor Rick Kriseman as part of the broader Deuces Rising initiative, which aims to revitalize the Deuces, the historic African American entertainment and business district along the 22nd Street South corridor.
Built by Tampa-based Horus Construction Services, the development includes twelve 1,780-square-foot townhomes with three bedrooms and twelve 1,525-square-foot townhomes with two bedrooms.