The St. Petersburg-based development group NJR Companies has filed plans with the city to develop a proposed new townhome development at 357 3rd St. South.
The $9.6 million project, which would be developed across the street from the Camden Pier District apartment tower, calls for 15 units within two four-story buildings on a vacant .35-acre lot. The residential project is one of several in the works for NJR.
The units will have a rooftop deck and the buildings will have first-floor garages and three levels of living space.
The eastern building will have eight units, and the western building will have seven units, according to the plans.
The townhome development would be within the Downtown Center-2 (DC-2) zoning district. The base approval in DC-2 is a 3.0 floor area ratio (FAR) with a maximum FAR of 7.0. The building is seeking approval for a FAR of 2.86, meaning the developers will not seek any variances or FAR bonuses.
NJR’s project will go before the St. Petersburg City Council July 21, which will review if it is consistent with the Community Redevelopment Agency’s Intown Redevelopment Plan (IRP).
The company is also developing Domus Urbana, a 40-unit condominium project at 644 3rd Ave. South. It has plans to develop a neighboring site at 610 3rd Ave. S., a 40-unit condo building identical to Domus Urbana; however, that project, called Castille Urbana, recently faced negative remarks from the Development Review Commission.