Luxury townhomes planned in downtown St. Pete (Rendering)

A cluster of old buildings in downtown St. Petersburg will give way to a new luxury townhouse development in the next year.

NJR Property Investments LLC, based in Tampa, said Wednesday that it is planning to build 20 townhouses at 141 Fourth Ave. N. Demolition of the older buildings on that property will begin in the coming weeks. NJR is project a construction period of less than one year.

The townhouses will be 2,335 square feet in four stories. Each will include a private elevator, three bedrooms,… …read more