Mattamy Homes has bought 53 townhouse sites in St. Petersburg\u2019s Amara Bay Residences & Marina master-planned community currently under construction.<\/p>\n
The sites at 12000 Gandy Blvd. sold for $12.64 million.<\/p>\n
Collier, which brokered the deal and announced the sale, says in a statement that the lots are fully entitled and approved as part of the master-planned community.<\/p>\n
Construction of the townhouses is expected to begin in coming weeks with sales starting in the summer.<\/p>\n
Mattamy Homes, Collier says in a statement, will develop two townhome designs with two stories of living space. They will range from 2,371 square feet to 2,470 square feet with three to four bedrooms, two-and-a-half baths and two-car garages. Pricing is expected to start in the $700,000s.<\/p>\n
Amara Bay is a 39-acre mixed-use development just as you come into Pinellas County from the Gandy Bridge.<\/p>\n
It is being developed by the Miami firm Key Development, which sold the lots to Mattamy Homes.<\/p>\n
Plans for the master-planned community call for 415 luxury apartments, a 150-slip marina, an 8,000-square-foot restaurant and 3,000 feet of walkable waterfront. Other amenities will include two pools, a clubhouse and a boardwalk with fitness paths and a kayak launch.<\/p>\n