Make us your home page
Instagram

Clearwater's Strand building draws interest

The Strand, at 1100 Cleveland Street in downtown Clearwater, remains bare-bones, but is getting some interest from developers.

The Strand, at 1100 Cleveland Street in downtown Clearwater, remains bare-bones, but is getting some interest from developers.

CLEARWATER — Don't get too excited, but there's new buzz about a potential sale of Clearwater's biggest and most dilapidated eyesore.

Colliers International listing broker John Gerlach said three groups are pursuing a closing contract for early October on the Strand, a 15-story skeleton of a condo building at the corner of Cleveland Street and Martin Luther King Jr. Avenue.

Countless negotiations between owner Espacio USA and prospective buyers have come and gone since the Spanish company abandoned the building, midrenovation, in 2008.

In February, the municipal code enforcement board agreed to forgive the now more than $200,000 in liens on the structure if construction on Investors Realty's proposed 155-unit apartment and townhome complex was completed. That deal fell through in May and the Strand continues to accrue daily code violation fines for what the city calls an unsafe structure.

In 2015, Espacio filed a $3 million federal lawsuit against Clearwater challenging the city's demolition order.

Gerlach declined to name the three prospective buyers, but said all three are doing due diligence work upfront, which includes determining price points for a potential apartment or condo project and establishing a construction budget and time line.

Clearwater's Strand building draws interest 09/29/16 [Last modified: Thursday, September 29, 2016 11:48am]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. 1 in 4 Florida adults aren't registered to vote, according to non-partisan group

    Legislature

    TALLAHASSEE — Five million people in Florida who are eligible to vote aren't registered, according to a nationwide non-partisan group that helps improve the accuracy of state voter rolls.

    Voters line up in front of the Coliseum Ballroom in St. Petersburg on Nov. 8. A non-partisan group estimates that more than a quarter of Florida's adult-age population isn't registered to vote. [SCOTT KEELER | Tampa Bay Times]
  2. As White House defends Jared Kushner, experts question his alleged back-channel move

    National

    WASHINGTON — The Trump administration argued over the weekend that back-channel communications are acceptable in building dialogue with foreign governments, part of an effort to minimize fallout over White House adviser Jared Kushner's reported discussion about creating a secret conduit to the Kremlin at a Russian …

    President-elect Donald Trump embraces son in law Jared Kushner, as his daughter Ivanka Trump stands nearby, after his acceptance speech at the New York Hilton Midtown in the early morning hours of Nov. 9. [Mark Wilson | Getty Images]
  3. Tampa is 15th-most popular city to move to with U-Haul

    Markets

    TAMPA —Tampa is undoubtedly a destination point, at least according to U-Haul.

    Tampa is the No. 15 destination for people moving with U-Haul trucks. | Times file photo
  4. Florida's economy growing faster than other big states and far better than U.S. overall

    Business

    When it comes to economic growth, Florida's running alongside the leading states and well ahead of the United States as a whole.

  5. Westshore Marina District project takes shape with another acquisition

    Real Estate

    TAMPA — One of Tampa Bay's prime waterfront areas took another major step toward redevelopment Friday as WCI Communities bought 2.35 acres in Westshore Marina District.

    WCI Communities, Lennar's high-end subsidiary,has paid $2.5 million for 2.35 acres in the Westshore Marina District for 35 townhomes. WCI is under contract  to buy an additional 9.5 acres.
[BTI Partners]