St. Pete developer ‘bullish’ on luxury spec homes

St. Petersburg developer Will Conroy sees plenty of demand for luxury single-family homes in the Sunshine City — even as a national recession looms. Conroy, founder of Backstreets Capital, owns 42 lots across the city in partnership with St. Pete-based Canopy Builders. By the end of 2023, nearly half of those will be built out: He plans to build 19 speculative homes ranging from $800,000 to $1.4 million in the neighborhoods of Canopy Oaks and Woodlawn. Speculative home building, when a house breaks…Original Article