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Clearwater’s plan has it all

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Commercial, retail and residential make up projectTampa Bay Business Journal by Ken Salgat, Staff Writer Date: Monday, December 22, 2003

CLEARWATER — The City of Clearwater has teamed up with construction firm The Beck Group to develop a $40-million mixed-use project on the site of the Station Square Parking Lot downtown.

The approximately 1-acre project will include an 11-story building with two floors of commercial and retail. The top floors will be reserved for residential.

The first floor will consist of 15,000 square feet of retail and one large restaurant. Major components of the project include a restaurant fronting on Cleveland Street and potential for office space.

The residential component will have 146 condominium units over several floors of structured parking.

Construction is expected to commence in the early summer, said Reg Owens, the city’s economic development director.

“We selected The Beck Group and have been meeting with them on a regular basis to finalize the development agreement,” said Owens, who added he expects the final agreement to be approved in early February.

The Beck Group is scheduled for community board approval on Jan. 20.

“After that approval, we will consummate the development agreement with them,” said Owens.

The partnership has been more than seven months in the making.

On May 12, the Clearwater Redevelopment Agency authorized the issuance of a bid proposal to select a development team to redevelop the Station Square Parking Lot site as a mixed-use infill development.

The agency made the site available for redevelopment as a catalyst for new urban housing and professional office use in the downtown core.

Owens said the original infill site contained approximately 36,000 square feet. The Beck Group proposed to enlarge the site by acquiring an additional 6,500 square feet, and the city agreed.

Once both sides agreed on development specifics the process took off.

“We (the city) have a process in place where we put together a quick-response team to meet with the developer on an immediate basis,” said Owens.

In addition, the city will start up a $5-million streetscaping program as an incentive to development.

The program will begin in November on Cleveland Street between Myrtle Avenue and the bayfront. Cleveland Street will be made more pedestrian friendly, said Owens.

The city will be buying back into the project 100 public parking spaces, he said.

Source: http://www.bizjournals.com/tampabay/stories/2003/12/22/story3.html?page=all

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