Clearwater-based Valor Capital hopes to build two 35-story towers on Florida’s west coast. While in its infancy (and expected to take five years to complete), the development will offer anywhere from 186 to 223 residential units, each with high-end amenities.
If the venture comes to fruition, the 470-foot-tall buildings would be the tallest in Clearwater. Plans for the development reveal that there could be two levels of underground parking and electric vehicle charging stations.
The towers could offer more than 180 residential units.
If this project is anything like the other properties Valor Capital has developed, amenities could feature resort-style swimming pools, fitness centers, spas, and event space. FOX 13 reports that the budget for the project is $300 million, and the Tampa Bay Business Journal notes that it would occupy a 2.5-acre parcel that Valor Capital has under contract to buy.
Moises Agami, the CEO of Valor Capital, told news outlets that the project will generate an economic impact of $1 billion and create 20,000 to 30,000 new jobs. The firm plans to meet with community members to ensure that everyone’s on board with the towers’ construction.
The venture would replace a parking lot.
The high-rise buildings could take shape in the parking lot of The Oaks at 444 Bay Avenue, Clearwater, Florida, 33756, in Pinellas County.
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Is any portion of this development offered for affordable housing. Kindly provide me with an application. Thank you.