CALLA TERRACE TOWNHOMES

The Calla Terrace project was borne out of an unfilled need for market rate, yet affordable housing for young Millennials in downtown St. Petersburg, Florida. The key was identifying well-located but inexpensive land, and through the entitlement process, creating 15 lots where 3 lots originally existed. Then by designing an entry-level 2BR, 2BA loft-style townhouse, Versaggi Companies combined its market knowledge of the growing housing demand and located the perfect site – to create a project that was sold out before the first building of 3 was completed. Located along one of its downtown urban corridors, Calla Terrace townhomes used finishes that appealed to the younger, pioneer type buyer, including open floor plans with eye-catching concrete stained floors, high ceilings, exposed metal AC ductwork, and oversized windows. Stainless appliances and “industrial chic” finishes were included as standard. This close-knit town home community of 15 individual units was completely pre-sold, prior to completion at the end of 2005. This pioneering effort was the catalyst to redeveloping one of St. Petersburg’s up and coming neighborhoods – The Edge District.