Luxury townhomes to rise at former Greyhound Station in downtown St. Pete

A new townhome community will be breaking ground soon at the site of a former Greyhound Station and downtown food mart in downtown St. Pete | Tampa Bay City living

Local developer Tampa Bay City Living plans to build a new upscale townhome community at the site of a former Greyhound Station and downtown food mart.

A total of 23 luxury units will be constructed at 180 and 200 Martin Luther King Jr. Street North. Fifteen homes will rise at the former Greyhound bus station property and eight homes will be built at the former downtown food mart.

Craft and his team have developed over 700 townhomes in Tampa Bay, including The District on 9th, a neighboring townhome community which wrapped construction last year.

"Ever since I became involved with the District on 9th next door, I've been enamored by these two properties," said Jeff Craft with Tampa Bay City Living.

A total of 23 luxury units will be constructed at 180 and 200 Martin Luther King Jr. Street North in downtown St. Pete | Google Maps

Craft and partner Mike Lenhart recently closed the two properties for a combined $3.95 million.

Kyle Masterson and Lauren Campbell with The Archer Group represented the seller, St. Petersburg-based Eastman Equity.

Tampa Bay City Living will construct a single U-shaped building at 200 MLK. Simultaneously, three five-unit buildings will go vertical at 180 MLK.

"We are going to demo the Greyhound building and do everything to get shovels in the ground in four-and-a-half months," Craft said.

rendering of the kitchen at townhomes set to rise at 180 and 200 MLK in downtown St. Pete | Tampa Bay City living

The group is expected to deliver the townhomes on the split parcels by the summer of 2025.

The eight-unit building at 200 MLK will take roughly 12 to 14 months to complete.

The first building at 180 MLK will be completed in 10 months. The following second building will have a 12-month construction timeline while the remaining third building will be completed in 14 months, Craft said.

The three-story homes will range from 2,400 to 2,600 square feet with a mix of three-and-four-bedroom units featuring three-and-half-baths, a tandem two-car garage, and a rooftop space.

"We're going to have a partially covered outdoor balcony with electric sliding doors," Craft said, explaining the deck is large enough to accommodate a wet bar and dining table.

rendering of the living room at townhomes set to rise at 180 and 200 MLK in downtown St. Pete | Tampa Bay City living

Two four-bedroom premium units will face east along Dr. Martin Luther King Jr. Street North.

Pricing for the homes are to be determined.

"The diversity in buyers here is great. We have the young couples or retirees from the north who want townhomes and to be close to coffee shops and restaurants - it's a broad demographic," Craft said.

rendering of a Bedroom at townhomes set to rise at 180 and 200 MLK in downtown St. Pete | Tampa Bay City living

"When we have a unit that's 80% complete - that's when I will get units under contract and work with the buyer accordingly for fixtures, flooring, and cabinet design options."

Typically, a unit will go under contract pre-construction primarily due to financing requirements.

"When buyer’s look at a dirt lot, there's a lot lost in translation," Craft said. “It’s tough for some people to envision what their future home will look like at that stage.”

Craft is working with general contractor Brandon Wolford of Shell Basix Construction and civil engineer Ely Payne of Baysite Engineering.

Bianca Soler of Sol Creative is marketing the project, which is currently unnamed.