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You are here: Home / Residential Real Estate & Developers / Backstreets Capital and Canopy Builders go vertical on new in-fill housing project

Backstreets Capital and Canopy Builders go vertical on new in-fill housing project

November 14, 2022 by Post

SAINT PETERSBURG, FL (November 14, 2022) – Construction has commenced on Canopy Oaks, a new residential community in Euclid St. Paul, just minutes north of downtown.  St. Petersburg-based Backstreets Capital and Canopy Builders are developing the project that will feature six luxury townhomes, two villas and a single-family residence.

Canopy Oaks is located at 1920 Dr. MLK Jr. St. N on the eastern boundary of Euclid St. Paul, a well-known historically rich neighborhood that also offers urban amenities along the bustling, walkable MLK corridor. 

“We are thrilled to bring this project to life and believe this type of development is exemplary of how to integrate new homes into established neighborhoods.” Canopy Builders President and CEO Ben Gelston commented. According to Gelston, Canopy Builders moved its own offices to the Euclid St. Paul neighborhood in 2021 and were attracted to the diversity of the area. “The MLK corridor offers so much for residents living in the area with an abundance of restaurants, shops and services within walking distance – and it’s so close to downtown.” 

Canopy Oaks Townhomes will be approximately 2,500 square feet, three bedroom, three and half bathroom residences, complete with two-car attached garages, covered entries, and private balconies.  The homes feature 10’ ceilings through the main living level, engineered hardwood flooring, high-end finishes and appliances.   

The Villas will be approximately 2,200 square feet, three bedroom, two and a half bathroom, two-story homes that include two-car garages and private covered lanais with outdoor kitchen upgrades. The villas also feature 10’ ceilings through the main living level, hurricane impact windows and doors, engineered hardwood flooring, high-end finishes and appliances. 

The single-family home will feature 4 bedrooms, 3 bathrooms with a Study and Upstairs Loft, with a Craftsman style design to fit right into the craft and legacy of the Euclid St. Paul Neighborhood. 

The community is expected to be completed by winter 2023.

For sales information contact Alex Malagon Group at (727) 280-6656.  

Additional project information can be found HERE.

About Backstreets Capital:

Backstreets Capital is a well-respected family office focused on real estate development, acquisitions, and real estate operating companies. With decades of experience in development, Backstreets Capital builds where people live, work, and play and have helped bring St. Petersburg incredible projects such as the 74-unit condominium The Salvador and the St. James Townhomes. Other upcoming projects include: the beautifully designed 23-story luxury condominium, The Nolen; a mixed-use redevelopment of the old St. Petersburg Police Department headquarters, Orange Station at the Edge; and Sixty90, a 4-story apartment project with 204 residential units.

About Canopy Builders:

Canopy Builders LLC was founded in 2014 by Ben and Lauren Gelston, with the express purpose of building beautiful homes reminiscent of the Low Country of Lauren’s native South Carolina. Ben’s years of residential real estate development and general contracting experience combined with Lauren’s design talent and extensive experience working for several leading home builders in the Tampa Bay area formed the perfect partnership for realizing the vision of Canopy Builders. From those beginnings, Canopy has expanded into many kinds of architectural and project types, including full Design Build custom homes, our popular Pre-Designed homes, and For-Sale Townhome Projects, always with an emphasis on integrity, honesty, and quality of construction and design.

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Filed Under: Residential Real Estate & Developers

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