40-unit condo building Castille Urbana opens in downtown St. Pete
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Construction is complete and move-ins have commenced at Castille Urbana, a new 40-unit condominium building, in downtown St. Pete.
NJR Investment and Development Company, which is helmed by CEO and President Neil Rauenhorst, recently announced the completion of the five-story building at 600 3rd Avenue South, located just three blocks from St. Pete’s best restaurants, bars, and coffee shops on Central Avenue.
“This milestone marks a significant achievement, particularly in a market where delays have become common,” Rauenhorst said in an announcement. “We’re thrilled to provide new homeowners the opportunity to move in without waiting, delivering a truly unparalleled downtown St. Pete lifestyle.”
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The next phase of the Rainbow Village redevelopment in Largo is taking shape, with four new apartment buildings planned as part of a long-term effort expected to deliver approximately 400 affordable homes to the community.
Newstar Development, in partnership with the Pinellas County Housing Authority, recently filed construction permits for Grand Oaks, the third phase of the four-phase redevelopment at 13224 Washington Drive in Largo’s Greater Ridgecrest neighborhood.
Grand Oaks will replace 62 older public housing units with four three-story apartment buildings containing 120 affordable apartments for families earning between 30% and 80% of the area median income (AMI).
The $48.7 million development will include 33 one-bedroom apartments measuring 741 square feet, 60 two-bedroom apartments measuring 1,066 square feet, and 27 three-bedroom apartments measuring 1,341 square feet.
Residents will have access to a clubhouse and community building with a fitness center, sports courts, green space, and an attached wellness center, along with a playground and youth recreation center.