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PINELLAS COUNTY ALERT: TROPICAL STORM IAN

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Townhomes: Terraces at 87th breaks ground!

92-unit townhome community Terraces at 87th launches sales and breaks ground in north St. Pete

EACH THREE-STORY HOME AT TERRACES AT 87TH WILL FEATURE 2,207 SQUARE FEET OF OPEN-CONCEPT LIVING SPACE, FOUR BEDROOMS (OR THREE BEDROOM + DEN), THREE BATHROOMS, A FOUR-CAR GARAGE, AND A ROOFTOP TERRACE ACCESSED BY AN EXTERIOR SPIRAL STAIRCASE | CLEAR PH

Original Article

A neighborhood of 92 townhomes broke ground recently at the corner of 4th Street North and 87th Avenue in north St. Petersburg.

Terraces at 87th, which was announced on St. Pete Rising in June, will be built in four phases with the first phase scheduled to be delivered to buyers in 2023.

Also, as of today, sales have officially launched for the new community. Pre-construction pricing starts in the $800,000s.

With Terraces at 87th, Belleair Development Group has designed “the first sustainable luxury community in Tampa Bay”, as each home is primed for energy-efficient solar panels, gas stovetops, and pre-wired for electric vehicle chargers.

Each three-story residence will have 2,207 interior square feet and 492 square feet of outdoor living space with four bedrooms (or three bedrooms + den), three bathrooms, a four-car garage, and a rooftop terrace accessed by an exterior spiral staircase. Future residents will also have the option to add an outdoor kitchen and jacuzzi to the rooftop.

In addition to providing a four-car garage for each residence, residents will also be able to park two cars under a cantilevered second-floor balcony and two cars in the driveway.

“We decided to include a four-car garage because it really doesn’t exist anywhere else,” said Carlos Yepes, Owner of Belleair Development Group. “If residents only have two cars, they can use the extra space for a workout area or storage.” 

Another unique aspect of the project will be the inclusion of four-bedroom units, which are rarely included in new multi-family developments in St. Pete.

Resident amenities will include a resort-style swimming pool surrounded by a sundeck with spacious cabanas, fire pits, grilling areas, and a fenced-in outdoor dog park for off-leash play.

Belleair has selected Douglas Elliman Development Marketing as the exclusive sales and marketing team for the development. Terraces at 87th represents Douglas Elliman’s first luxury development in the Tampa Bay market.

Other members of the development team include Jovanovic & Lyons as the project’s architect, Native Engineering as the civil engineer, Peregrine Construction Group as the general contractor, Interiors + Surfaces for interior design, Clear ph Design for branding and marketing, and Advanced Engineering Consultants for structural, mechanical, electrical, plumbing and fire protection.

“The Terraces at 87th will truly be a defining community in Tampa Bay,” said Yepes. “The Douglas Elliman team and I are excited to welcome future residents as we have been taking the time to design and develop the sustainable luxury homes.” 

For more information, visit the project’s website or fill out the form below.

Original Article

Terraces at 87th, a neighborhood of 92 townhomes, will break ground this summer at the corner of 4th Street North and 87th Avenue in St. Petersburg.

Belleair Development Group purchased the former 112-unit Lamplight Village mobile home park in January 2018 for $3.4 million.

A previous proposal, featuring 72 townhomes and a 40-unit building, was approved by the City’s Development Review Commission last May. Originally, the plan was to offer the units as rentals.

However, rising construction costs and the high demand for townhouse-style units caused Belleair to reconfigure the project and offer the units for sale instead of for rent.

SITE PLAN OF TERRACES AT 87TH, A 92-UNIT TOWNHOME COMMUNITY IN NORTH ST. PETE | CLEAR PH

The new proposal also removes the 40-unit building in favor of additional townhome-style units. The reconfigured plan will not need to go through the approval process again.

“Some developers like to build as many units as they can fit on a site,” said Belleair Development Group’s owner and founder, Carlos Yepes. “We decided to build less units and make them all corner units.”

With Terraces at 87th, Belleair Development Group has envisioned and designed “the first sustainable luxury community in Tampa Bay”, as each home will include energy-efficient solar panels, gas stovetops, and pre-wiring for electric vehicle chargers.

TERRACES AT 87TH, A NEIGHBORHOOD OF 92 TOWNHOMES, WILL BREAK GROUND THIS SUMMER AT THE CORNER OF 4TH STREET NORTH AND 87TH AVENUE IN ST. PETERSBURG | CLEAR PH

Each three-story home will feature 2,207 square feet of open-concept living space, four bedrooms (or three bedroom + den), three bathrooms, a four-car garage, and a rooftop terrace accessed by an exterior spiral staircase. Future residents will also have the option to add an outdoor kitchen and jacuzzi to the rooftop.

In addition to providing a four-car garage for each unit, residents will also be able to park two cars under a cantilevered second-floor balcony and two cars by the driveway.

“We decided to include a four-car garage because it really doesn’t exist anywhere else,” said Yepes. “If residents only have two cars, they can use the extra space for a workout area or storage.”

THE LIVING ROOM AT TERRACES AT 87TH | CLEAR PH

Another unique aspect of the project will be the inclusion of four-bedroom units, which are rarely included in new multi-family developments in St. Pete.

“The Terraces at 87th will truly be a defining community in Tampa Bay,” said Yepes. “The Douglas Elliman team and I are excited to welcome future residents as we have been taking the time to design and develop sustainable luxury homes.”

Resident amenities include a resort-style swimming pool surrounded by a sundeck with spacious cabanas, fire pits, grilling areas, and a fenced-in outdoor dog park for off-leash play.

“We did a lot of research into what people want in their community,” said Yepes. “It turns out people don’t really care about having a club house, but they love having a community pool.”

THE KITCHEN AT TERRACES AT 87TH | CLEAR PH

After purchasing the property in 2018, Belleair carved out two pads for the development of retail buildings fronting 4th Street North. The first building, which is 2,452 square feet, was completed last year and is leased to Verizon. A second building, which will be 6,815 square feet, will be occupied by a restaurant.

Established in 1997, Belleair Development Group is a family business focused on commercial retail and multi-family development with projects ranging in size from single-tenant banks and gas stations to larger big box and grocery-anchored centers, as well as mixed-use or town center developments. Since its inception, they have delivered over 300 commercial and residential projects.

Belleair has selected Douglas Elliman Development Marketing as the exclusive sales and marketing team for the development. Terraces at 87th represents Douglas Elliman’s first luxury development in the Tampa Bay market.

Other members of the development team include Jovanovic & Lyons as the project’s architect, Native Engineering is the civil engineer, Building Concepts of Tampa Bay is the general contractor, Interiors + Surfaces for interior design, and Clear ph Design for branding and marketing.

THE OWNER’S SUITE AT TERRACES AT 87TH | CLEAR PH

Construction on the development is expected to begin within 30 days and will be built in four phases. Pricing will start at $795,000.

For more information, visit terracesat87th.com or call (727) 513-4080.

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