A north St. Petersburg townhome project is quietly ballooning in size, and the developer now wants City Hall to sign off. Belleair Development Group is asking planners to expand Terraces at 87th, seeking approval to add roughly 116 new townhomes that would bring the community to about 132 residences on a 6.14-acre site. Construction is already underway on shared amenities, and several three-story homes are finished.
According to Florida YIMBY, 16 units wrapped construction in 2024. Thirteen are occupied and three are still on the market, with listings in the low-to-mid $800,000s. The outlet notes the three-story models come in near 2,000 square feet and that Belleair paid about $3.4 million for the land in early 2018. The developer initially floated a smaller expansion but bumped the numbers up as costs and market conditions shifted.
Approval Path And Timing
Local reporting from St. Pete Rising says Belleair submitted the new, larger plan under Florida’s Graywater Density Bonus program. The city’s Development Review Commission is slated to take it up on August 5. The application would increase the total unit count compared with earlier filings and serves as a key administrative checkpoint before any plat changes or zoning actions. That DRC hearing is also the next formal chance for neighbors and city staff to weigh in.
What Buyers Are Seeing
Marketing materials still pitch the project as "92 Thoughtfully-Designed Residences" with pricing "from the $800's," according to the community’s website. Public listings line up with that positioning. A 1,976-square-foot, four-bedroom model is advertised at about $829,000 on Redfin, highlighting rooftop terraces, optional outdoor kitchens and EV-ready garages. Those sales details describe what is being sold today, while city filings sketch out a far larger buildout that has yet to be fully greenlit.
History And Neighborhood Impact
The site is no stranger to dense housing. It previously held the Lamplight Village mobile home park, and city documents and reporting say the 6.14-acre parcel once packed in more than 100 mobile homes, per Florida YIMBY. That backstory is shaping today’s debate over how much more the neighborhood can handle, from stormwater infrastructure to overall traffic and utility capacity, as north St. Pete keeps filling in. Belleair’s filing characterizes the latest revision as a response to buyer demand and changing construction economics.
Next Steps
If the Development Review Commission signs off, the project still has to clear additional administrative reviews and any needed plat revisions before work can start on the next phase. Renderings and sales information remain available through the developer’s website and at the on-site sales gallery at 490 87th Avenue North. For now, the August DRC hearing is the big date circled on calendars, and upcoming city agendas and follow-up coverage will show whether the larger plan sails through, stalls out or gets reshaped in the public process.
