| DOWNTOWN CLEARWATER REDEVELOPMENT |
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Hosting
one of the most pristine beaches in the world, and acknowledged
as one of the nation’s premiere sailing and power boating environments,
the City of Clearwater is located on Florida’s West Coast with
immediate access to the warm Gulf of Mexico waters, and enjoys
a sub-tropical average temperature of 72 degrees, along with 361
days of sunshine.
With a strategic regional geographic location within the larger Tampa Bay Region, the City of Clearwater’s residents enjoy a vibrant economy which includes 4.7 million annual tourists to Pinellas County; a high quality residential base; an established regional inventory of manufacturing, information technology, marine science, medical technology and financial service industries; and a stable and growing retail service sector ranging from small boutiques to major shopping centers. Clearwater, similar to other urban cities within the Tampa Bay Region, has reached capacity development with few available tracts of vacant land. Fortunately, however, a substantial portion of the city’s downtown and beach properties were built during an era of low-intensity development, which, when combined with their structural age and current nonfunctional land uses, provide unique opportunities for site assemblage , and new real estate development options; especially Clearwater Condos.
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CITY
CAPITAL IMPROVEMENT PROJECTS The emergence of the city’s downtown and beachfront as quality redevelopment areas is due in no small part to the city’s commitment to participate within the framework of public-private partnerships. This is evidenced by the city’s commitment to over $100 million in new capital infrastructure improvements: |
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Memorial Causeway Bridge – This new $64.2 million bridge will link the city’s downtown
and commercial corridor to the beaches. The bridge is scheduled
for completion in August 2005 |
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| • Main Public Library – A new 90,000 square foot, $20.2 million Robert A.M. Stern designed main library on the waterfront IS NOW COMPLETED. The new Clearwater Main Library has opened! Check out their official Construction pages for month-by-month coverage of the construction of this great building!
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Clearwater
Beach
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The beach is recognized as one
of the truly great beaches in the United States, if not the world.
Adjacent to these beaches, which are accessible to over 2.5 million
people within a one-hour drive, are neighborhoods that contain
an inventory of older residential, retail and motel structures
that are ideally suited for parcel assemblage and redevelopment
of new hotels, motels, retail and residential projects. This redevelopment is already evident with multiple new mid and high-rise condominium projects that are achieving phenomenal pre-construction sales rates. Click for an interactive tour of ten large projects |
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| DOWNTOWN
REDEVELOPMENT PARCELS/PROJECTS Regional
and national developers have discovered downtown Clearwater’s
strategic location as the County’s governmental center, and its
physical time-distance relationship to the beaches. A selection of projects may be summarized as follows: |
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Parcels
A & B: Calvary Baptist Church Strategically located west of Osceola Avenue, and overlooking the city’s pristine waterfront and proposed park, these two parcels have been offered for sale by the Calvary Baptist Church, which is concurrently building an alternative campus in Clearwater, and as of Dec 2004 Buyer has been accepted. opus suth is planning to built one , maybe tow, high-rise luxury condos. Plans to come out by summer 2005 These two parcels have been in church ownership for nearly eighty years and their availability offers a unique development opportunity for a major mixed land use complex (high-rise residential condominiums, retail, restaurants, entertainment and hotel) on one of the few remaining waterfront sites in the State of Florida. |
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Parcel
D: Harborview Conference Center Property The Harborview Conference Center is a city-owned meeting and exhibit hall facility, which also accommodates a highly successful Stein Mart Department Store. Situated west of Osceola Avenue, and lying adjacent to the new Main Public Library, this facility offers a panoramic view over Coachman Park and the Bayfront. This property has been identified by the city as a long-term potential redevelopment site after the current lease with Stein Mart expires in 2009, with preferred future land uses being a mixed retail/hotel/meeting/ entertainment venue. Such a redevelopment would have to address the successful relocation of the Stein Mart Department store within downtown. Parcel E: Downtown Super Block This superbly located downtown block, consisting of several redevelopment parcels containing upwards of 3.73 acres, was purchased in 2003 by a large out of state investment development group. Adjacent to this redevelopment parcel is a 1.61 acre planned condominium site that is owned by a local investor/developer. Lying just east of the Harborview Center and the new Main Library, the development potential for these parcels has been previously identified for high-rise condominium residential, office, retail, mixed-use entertainment (including a Multi Movie theatre!!), and a parking garage. Information on these redevelopment parcels may be obtained from the city’s Economic Development & Housing Department. |
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