Developer breaks ground on luxury townhouses in downtown St. Pete

A luxury townhouse development in downtown St. Petersburg has broken ground.

Regents Lane, as the development is called, will consist of 20 townhouses at 141 Fourth Ave. N., about a block and a half from Beach Drive.

Tampa-based NJR Property Investments LLC has reservations for five of the units, a spokeswoman said Friday. Those reservations are expected to convert to contracts — with nonrefundable deposits — within a month.

The houses, which were announced in August, are priced from $848,500… …read more