Luxury townhouses coming to old Greyhound station property in St. Pete
By Breanne Williams
Tampa Bay Business Journal
Published: Feb 5, 2024

A St. Petersburg developer plans to build luxury townhouses near Central Avenue.

Jeff Craft and Mike Lenhart of Tampa Bay City Living have closed on two parcels, 180 and 200 MLK Jr. St. N, for a combined $3.95 million, according to The Archer Group. The Archer Group's Kyle Masterson and Lauren Campbell represented the seller, St. Petersburg-based Eastman Equity.

“The area has some unique zoning, which doesn’t allow for heavy density,” Craft told the Tampa Bay Business Journal. “Our typical luxury infill townhome product fits right in there.”

In total, there will be 23 townhomes built between the two sites. The former Greyhound station will have 15 units and the smaller site will have eight units. This is the second luxury townhome project in the area for TBCL.

Greyhound shuttered that station several years ago; in 2019, it opened a station in Pinellas Park.

The townhomes will include three bedrooms and three-and-a-half bathrooms ranging from 2,400 to 2,600 square feet. Each townhome will also have a two-car garage and a rooftop deck.

Craft said the square footage they’re aiming for “really opens it up to a larger buying pool.” He said they’re seeing many buyers sell off their larger homes and move to smaller units while others — like young families — prioritize living in walkable communities. Craft said they have developed over 700 townhomes in the downtown St. Pete and Tampa markets. They have their own engineering and construction firm and specialize in building luxury products that are each unique to the individual site.

They are currently working on another project on 14th Street North, just north of St. Pete Police headquarters, which is less than half a mile from the former bus station. The area, which lies between the Edge District and I-375, is starting to see some interest from developers, Craft said.

Craft said people still want to own their own homes, and prices in Kenwood, Old Northeast or Snell Isle are “through the roof.” Buyers who prefer an urban neighborhood but don’t want to pay for a downtown condominium are flocking to the luxury townhouses branching off Central Avenue.

TBCL is currently working on the townhouses' civil and architectural design and hopes to have drawings submitted to the city within the next two months. They’re hoping to move forward with demolition by the end of June. The price point for the townhomes has not yet been determined.

The development team also includes Brandon Wolford of Shell Basix Construction, Ely Payne of Baysite Engineering, Bianca Soler of Sol Creative and Dillon Alderman of Alderman Planning.