Mattamy Homes has closed on three Tampa Bay land deals that will add new townhomes and single-family homes in Tampa, St. Petersburg and Lithia, the company said.
The acquisitions span three different segments of the local housing market.
They include an infill townhome project in South Tampa, a waterfront townhome component tied to a larger mixed-use site in north St. Petersburg and a 102-acre single-family community in eastern Hillsborough County.
“These communities represent the future of Tampa Bay living,” said Bob Meyn, president of Mattamy’s Tampa Division.
“From vibrant South Tampa to the waterfront beauty of St. Petersburg and the peaceful yet connected setting of Lithia, we’re creating homes that combine modern design, convenience and lifestyle in some of the region’s most sought-after areas,” Meyn said.
South Tampa
Mattamy closed on Sun Bay Townes on Jan. 5, positioning the builder for its first community within Tampa city limits.
The project is planned at West Pearl Avenue and South Manhattan Avenue in the Gandy Sun Bay South area. Plans call for 54 three-story townhomes.
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Mattamy said pricing is expected to start in the mid-$600s, with development starting immediately and sales targeted for fall 2026.
St. Petersburg
On Jan. 8, Mattamy closed on 53 homesites at Amara Bay Residences & Marina, 12000 Gandy Blvd. in St. Petersburg.
According to a press release from Colliers, the fully entitled townhome sites were acquired for $12.64 million from Miami-based developer Key International.
Mattamy said its townhome plans include two coastal-style designs with two stories of living space.
Homes will range from 2,371 to 2,470 sq. ft. with three to four bedrooms and two-and-a-half baths.
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Pricing is expected to start in the $700s, with construction beginning in the coming weeks and sales launching in summer 2026.
Amara Bay is a larger mixed-use waterfront redevelopment site with plans that include apartments, a marina and a waterfront restaurant.
Mattamy’s purchase covers the townhome component within that wider project footprint.
Lithia
Mattamy’s third closing, on Dec. 30, is a 102-acre site in Lithia planned for approximately 172 single-family homes, the company said.
Homes are planned to range from 1,900 to 3,700 sq. ft. on 50-foot and 60-foot homesites.
READ: TAMPA INFRASTRUCTURE & DEVELOPMENT NEWS
The site plan includes a central park with a paved trail, dog park, tot lot and picnic cabana.
Pricing is anticipated to begin in the mid-$400s, with development beginning in March.
Why it matters for Tampa Bay business
Residential development remains one of the clearest signals in the Tampa real estate market.
It shows where builders believe demand can support new inventory and at what price points.
Mattamy’s three-site strategy also reflects how builders are viewing Tampa Bay as a set of distinct micro-markets rather than a single housing story.
South Tampa represents an infill play with higher land costs and higher starting prices.
North St. Petersburg is positioned as a lifestyle product tied to a waterfront mixed-use site.
Lithia is a scale bet on growth corridors driven by schools and suburban demand.
For business owners, employers and executives tracking the housing pipeline, the projects offer near-term signals about where new residents may settle and what types of homes will reach the market in 2026.