Monthly Meetup with the CRA

Questions about your business in downtown? Come connect with the city of Clearwater’s Community Redevelopment Agency! On the last Thursday of each month, the CRA has scheduled time to meet with local businesses, property owners, and residents in Downtown Clearwater. We’ve moved to an office hour format in January 2021, so please select an available time to speak with the CRA’s Business Administrator, Howard Smith, via the Calendly app here, or select a time below.


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Requests for Proposals

115 South Martin Luther King Jr. Avenue

The purpose of this Request for Proposals and Qualifications (RFP/Q) is to select a qualified applicant for the acquisition (purchase or lease with option to purchase) and development of the property located at 115 S Martin Luther King (MLK) Jr. Avenue and adjoining vacant lot that sits on the NW corner of S Washington Avenue and Pierce Street as creative offices, recreation space, restaurant, microbrewery/winery, or similar use or attraction that is open nights and weekends. The properties combined are a 1+/- acre site located downtown in the Prospect Lake Character District.  Interested applicants must have proven experience, financial resources, and professional expertise in developing such sites. Interested parties should note the due date for proposal submissions is April 15, 2021. Get more information and apply through the city of Clearwater’s solicitation site here.

Waterfront Development Opportunities

The City of Clearwater and the Clearwater Redevelopment Agency (CRA) are jointly seeking requests for proposals from respondents to develop three prime waterfront sites in Downtown Clearwater.

Investment in our waterfront presents an incredible opportunity for success on some of the most scenic properties in the Tampa Bay area. The most recent figures presented last year put the three parcels’ values at a combined $23.5 million. These sites are ideally situated in Clearwater’s downtown waterfront, which sits on an elevated bluff along the Intracoastal Waterway, overlooking the beautiful Clearwater Harbor Marina.

Interested parties should note the due date for proposal submissions is April 12, 2021. The City and CRA anticipate selecting one or more preferred development partners by Fall 2021. Get more information.


Letters of Interest (LOI)

The Community Redevelopment agency is soliciting LOIs for two properties located in Downtown Clearwater. The addresses are:

115 South Martin Luther King, Jr. Avenue

1250 Cleveland Street

This slide deck contains information on each property and guidance on how to submit the LOI. The CRA Trustees have approved the proposed land uses and incentive amounts for each property.

LOIs are accepted on a rolling basis. Please submit the following information if you would like to work with the CRA on redeveloping these sites:

  1. Identification – Please identify the responding entity and provide contact information.
  2. Basis of interest – Please describe the intended use, parking needs and desired changes to the site and/or building.
  3. Financial information – Do you anticipate requesting either a long-term lease or a sale of the premises? Do you anticipate a request for public funding to support the redevelopment of the site/building?
  4. Relevant experience – Please furnish information regarding the entity’s experience with redevelopment projects in urban areas.

Please submit any questions and LOIs electronically to Amanda Thompson, CRA Director at Amanda.Thompson@myclearwater.com.

Download the slide deck here

 


City of Clearwater Opportunity Zone 

Download the city of Clearwater’s Opportunity Zone Prospectus (ADA) document to learn about the area and program

Located in the heart of Tampa Bay’s robust market, the city of Clearwater, Florida stands out for its vibrant business community, supportive city leadership, family-friendly environment, extensive indoor and outdoor activities, and untapped opportunities.

Capital Analytics Associates sat down with a panel of experts, including Denise Sanderson, city of Clearwater’s Economic Development and Housing Director; Opp Zone Capital’s Principals Jeanine Blake and Brion Lindseth; and Derek  Mateos, President, Matcon Construction Services, to discuss Clearwater’s Opportunity Zone, how they successfully partner with the private sector to develop projects, and why Clearwater is the ideal place to do business.

 

Census Tract 259.00 (12103025900) – Downtown Clearwater

The Opportunity Zone Program was created as part of the 2017 Federal Tax Cuts and Jobs Act. Opportunity Zones are economically distressed census tracts designated by the U.S. Treasury Department. By investing in an Opportunity Zone, through a qualifying Opportunity Fund, investors can defer and/or reduce their federal capital gains tax liability. These tax benefits increase the longer investments are held. There is no cap on the amount of capital that can be invested and the Opportunity Zone incentives can be applied to a wide range of investments in real estate and operating companies.

Description

The Downtown Clearwater tract contains 851 acres. It is bordered by the Intracoastal Waterway on the west, Drew Street on the north, Lakeview Road on the South, Missouri Avenue on the east. Opportunity Zone aerial map with outline of entire zone in red and CRA in green

Land Use/Zoning

The northern half of the tract is Activity Center due to its designation as a Community Redevelopment Area (CRA). The southern portion of the tract contains a mixed uses including Residential, Office, Retail/Services, and Employment.

Designations

The northern half is Clearwater’s Community Redevelopment Area (CRA) and the City of Clearwater offers unique incentives as part of its CRA program including grant funding for commercial property owners for building improvements.  Most of the tract is a state designated Brownfield Area and the entire tract is a NMTC Higher Distress area.

General

The tract houses both the City and County governments’ center and the County Courthouse.  It is a focus of redevelopment efforts through the CRA and Imagine Clearwater, a new master plan to revitalize the Clearwater waterfront.  The CRA has tax increment financing funds to assist in the redevelopment and revitalization of the area.  Public investments already made include substantial streetscape for Cleveland Street.

Opportunities

There are excellent opportunities for all types of redevelopment in this tract.  Downtown offers an urban setting for office, residential, commercial and mixed-use projects.

Contact

For more information on the CRA’s opportunity zone, contact Amanda Thompson Jaquez, CRA Director, at 727-562-4072 or amanda.thompson@myclearwater.com. For more information on the city’s opportunity zones, contact Denise Sanderson, Economic Development and Housing Director at 727-562-4031 or Denise.Sanderson@myclearwater.com


Looking for space for your business? Check out the open bar and restaurant spaces in Downtown Clearwater.