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Tierra Verde waterfront condos back on horizon
By SHARON L. BOND, Neighborhood Times Business Editor TIERRA VERDE -- A waterfront condominium project announced and then canceled by JMC Communities in 2000 is back in the planning stages with an Orlando developer. Villaggio at Tierra Verde will feature 36 three-bedroom, three-bath units ranging from $588,000 to $738,000, according to Melissa Yardy, broker and owner of ReMAX Preferred in St. Pete Beach. Top-floor units will be more expensive. Yardy said the project will be built by Michael Bierly of Orlando. It will have six buildings with six units per building on the Pinellas Bayway. The units will be villas, with all the living space on one floor. They will range in size from 2,445 to 2,630 square feet. Each unit will have a two-car garage, she said. The property has 20 boat slips that Yardy said will be sold separately on a first-come, first-served basis. The slips are $25,000 each. JMC, builder of the luxury Florencia condominium tower in downtown St. Petersburg, canceled the project in November 2000 after finding out that it could not add 16 more boat slips so that each unit would have one. State regulations on docking facilities were amended in 1977 to restrict their size. JMC officials felt the boat slips were necessary because the development has direct access to the gulf. It is near the southernmost point of St. Petersburg but in the exclusive community of Tierra Verde. Villaggio will be a gated community. Yardy said the developer wants 10 units reserved before construction starts. At a preview party this past week, three reservations were made, she said. It will take six to seven months to build the first 12, according to Yardy.
 © 2006 • All Rights Reserved • St. Petersburg Times
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From the Times South Pinellas desks |
