Downtown Clearwater Boomtown USA
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Downtown Clearwater: Boomtown USA
Overview
In a time when the U.S. real estate market has largely stalled, downtown Clearwater, Florida, has been experiencing a remarkable surge in activity during 2006 and the first half of 2007. A variety of public and private projects are coming to life, transforming the area into a vibrant hub.
Major Developments
Waters Edge
Perched on Clearwater's beautiful bluff with stunning views of the intercoastal waterway, Waters Edge by Opus South is making significant progress. This mixed-use development features 153 units and approximately 10,000 square feet of retail space. It is anticipated to be completed by the end of this year.Station Square
Another exciting project, Station Square, was initiated in 2006. Situated next to Clearwater's historic post office, this luxurious mixed-use residential building includes 126 units, with 16 exclusive penthouses. Developed by the renowned Australian developer Felix Anon, Station Square promises to be a standout.Streetscape Project
In July 2006, Clearwater embarked on a $9.3 million streetscape project. The first section is already complete, and the second is expected to finish by June 15, 2007. The final phase, including landscaping, is slated for completion by year-end. This project is set to beautify and redefine downtown Clearwater.Exciting Progress in 2007
Clearwater Centre
Construction has begun on Clearwater Centre at 600 Cleveland Street. This 71-unit high-rise will include a retail component, adding energy and flair to the area.Island View by Triangle Development
Triangle Development is preparing to break ground on Island View, a mixed-use residential site overlooking the intercoastal waterway. The first phase includes 109 luxury units, with many prospective residents already committed.Residence Inn by Marriott
July 2007 will see the start of construction on downtown Clearwater’s first major hotel, the Residence Inn by Marriott. Developed by Clarkson Group, this 115-room hotel will occupy a prime 2.22-acre site at 940 Court Street, offering a warm welcome to westbound travelers entering downtown.New Marina
Clearwater residents voted in March to approve the construction of 129 boat slips along the intercoastal waterway near Cleveland Street. With an estimated cost of $11 million, construction is set to begin this year and complete by early 2009. This addition promises to attract visitors from across the Bay area to enjoy downtown's shops, restaurants, and entertainment.Conclusion
Downtown Clearwater is truly booming, driven by a blend of public and private initiatives. These developments are turning the area into a thriving destination for locals and visitors alike.
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