Boutique townhouse projects proliferate in downtown St. Petersburg
Icon Residential sold out a townhouse development with 40 units and is building two more with 34 and 69 units
A developer sold out a boutique townhouse development in downtown St. Petersburg and has two more under construction.
Tampa-based Icon Residential is selling the townhouses at prices between $300,000 and $515,000.
Many of the buyers have been empty-nester divorcees who sold suburban homes to reside in downtown St. Petersburg.
Icon has sold out a 40-unit townhouse development called The Arlington St. Pete at the intersection of 8 Street North and Arlington Avenue North in St. Petersburg.
Construction is under way on two other Icon townhouse developments in St. Petersburg: The District on 9th, a 34-unit project on the corner of 9 Street North and Arlington Avenue North, and 69-unit Uptown Kenwood on 13 Avenue North.
The townhouses are within walking distance of the city’s EDGE district downtown, a destination with a mix of restaurants, coffee shops, pubs and art galleries.
Eight-year-old Icon Residential has built, or is building, 10 housing developments in Atlanta, Orlando and Tampa in addition its three townhouse developments in St. Petersburg. [Business Observer] – Mike Seemuth