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.
Read More










A 16-story apartment tower has been proposed across from the University of South Florida St. Petersburg campus, replacing a larger project approved for the same property last year.
The proposed development would rise at 446 4th Street South, at the northeast corner of 5th Avenue South and 4th Street South.
The 0.7-acre property is currently home to a 105-year-old commercial building previously occupied by Fresenius Kidney Care American Dialysis Center and an adjacent surface parking lot.
The project, which would be developed by Charleston, South Carolina-based The Beach Company, will contain 165 apartments, approximately 3,200 square feet of ground-floor retail space, a 176-space parking garage, and 178 bicycle spaces.
It’s a significant change from the development St. Petersburg City Council approved for the site in February 2025.