Backstreets Capital Gets Approval for 18-Unit Condo for 250 Mirror Lake Drive North, St. Petersburg, FL

St. Petersburg officials have approved a boutique condominium project that will also preserve a historic home built in 1937.

The Development Review Commission (DRC) gave unanimous approval for plans that would allow for the construction of seven-story condo overlooking Mirror Lake. It will host 18 units. The developer would also restore the historic single-family home on the property, which was originally built by renowned local builder Cade Allen.

Plans also call for the preservation of this home built in the 1930s. Image from Google Earth

The unnamed project marks the first time Backstreets Capital has incorporated preservation into one of its developments. The company has previously developed two other condominiums in St. Petersburg: The Nolen and The Salvador.

The 18-unit condo’s site, valued at approximately $17 million, is located near Backstreets Capital’s office. The company’s founder, Will Conroy, has spent years considering potential uses for the property. The city had initially approved a demolition permit for the site in 2022, with plans for a duplex in 2023.

Preserve the ‘Burg has expressed support for the new condo, and Place Architecture will lead the design. Backstreets Capital’s latest venture is slated for the site at 250 Mirror Lake Drive North, St. Petersburg, FL, 33701, in Pinellas County. It’s west of Tampa Bay and south of Interstate 375.

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