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New condos offer spaces where folks can live, work
Three of 31 units will provide room on the ground floor for a business and living space on the second floor.
By SHARON L. BOND
Published September 11, 2005
ST. PETERSBURG - Central 16th Urban Homes, under construction across from Tropicana Field, features two-bedroom townhomes and work/live units that will face Central Avenue.
The project is at Central and First Avenue S and 16th Street. Prices range from $200,000 to $500,000, and only eight of the 31 units are still for sale.
"We sold 15 in three days," said Nick Pavonetti of PDC Group of St. Petersburg, a development management group for condominium projects.
The three work/live units are the most expensive and the largest at 2,500 square feet. They cost $500,000 each. Buyers can have businesses on the first floor and live on the second floor, Pavonetti said.
His company was involved with the Victory Lofts, built at Channelside in Tampa, which also has work/live units. There, a beauty salon, real estate office and art gallery are on the ground floor. At least one business owner lives upstairs, he said, and another uses the living space for offices.
The corner of 16th Street and Central Avenue gets a lot of traffic, which is why the work/live units are in that location. They will be in one of five buildings in the complex. The other four buildings, toward First Avenue S, will have a combination of small and large two-bedroom, two-bathroom townhomes. The units have two stories and include garage space on the first floor.
The small two-bedroom units are 956 square feet and priced from $200,000 to $225,000. The larger townhomes, at 1,298 square feet, will be $300,000.
Pavonetti said the units are pretty basic inside because developers wanted to keep them affordable. And yes, he said, $300,000 is affordable now in St. Petersburg because of demand and the fact that the buildings are new.
Pavonetti said buyers were a mix of investors and those who plan to live in the complex. Because Tropicana Field, where the Tampa Bay Devil Rays play baseball, is so close, he figures some players might be renting units next year from investors.
[Last modified September 11, 2005, 01:12:04]
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