CLEARWATER — After a year of planning, a multifamily residential and retail complex in the Prospect Lake Park area is moving closer to becoming reality.
The city council, acting as the Community Redevelopment Agency, approved the project Monday. The plan by Longwood-based Prospect Park Development LLC calls for 257 units of market-rate apartments above shops along Cleveland Street with an outdoor plaza fronting nearby Prospect Lake.
The city-owned parcel near downtown is 6.4 acres that was once home to a car dealership and repair shop at Cleveland Street and Prospect Avenue. The property has been vacant, and surrounded by a fence, for years since the economic recession stymied a previous plan to develop it.