Clearwater Waterfront Update 11/09/22

Clearwater Residents Vote to Move Forward with Developers of Clearwater Waterfront

 

 

The voters in Clearwater approved a referendum that will allow the city to move forward with the sale of the land along the Clearwater waterfront to Clearwater developer DeNunzio Group and New York-based Gotham Organization for $24.7 million. In July 2022, the city council gave its approval, which led to the referendum on the ballot. The developers’ proposal includes two 27-story residential towers on the City Hall site offering a collective total of 600 rental units and 40,000 square feet of retail space.  On the Harborview site, The Bluffs proposes a 13-story, 150-room hotel with 15,000 square feet of retail and restaurant space.  A boutique conference center in the 13-story hotel that could hold 1,000 people, a 2,000-square-foot performance center and a rooftop restaurant and beer garden. The properties will be connected by a pedestrian bridge.  The project will be developed in phases over six years. The developers will receive $25 million in incentives provided by the city, $22 million is slated for the construction of two underground parking garages, up to $2 million is designated for the construction of the pedestrian bridge and $1.5 million for impact fees. The developers will have until the end of 2024 to get a final site plan and close on the sale.

 

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