Plans For Clearwater Beach Condo Converts To Hotel

The owners of a long-stalled Clearwater Beach resort and condominium development say they will redesign the project and are looking to a major Miami-based builder for help. Tampa entrepreneur and philanthropist Dr. Kiran Patel and the Related Group are negotiating a partnership that would change the scope of the $250-million Kiran Grand Resort and Spa. Original plans were for a resort 150 feet tall and 500 feet across with 350 condo-hotel units and 75 condominiums. The new project would consist of a 250-room hotel with 200 timeshares. The possible partnership and change in direction is the latest sign of the sharp drop in demand for condominiums on Clearwater Beach. Developers of another major project, the Indigo Beach Residences & Suites on the site of the former Adam's Mark Hotel, pulled the plug in late April on their $180-million project and refunded deposits to buyers because of slow sales.

Click here to enter the Tampa Realtors MLS (updated daily)
Register to receive an email every morning of today's new listings
Visit my website or contact me by email