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Attributes

Year Built 1971

Property Description

Prospect Towers is comprised of an existing 17-story high-rise community spanning 208 units and an additional 1.365 acres of vacant land with the ability to construct 70 units within a 7-story mid-rise.

Investment Highlights

JLL is pleased to present the opportunity to acquire Prospect Towers (the “Property” or the “Project”), a unique Qualified Opportunity Zone (“QOZ”) project in Downtown Clearwater, Florida. Unlike many QOZ projects, Prospect Towers provides an investor with current cash flow from the existing tower while the second tower is constructed, helping to boost an investor’s overall returns.
Matt Mitchell
Matt Mitchell
Senior Managing Director, Tampa Office Head
License details
FL-BK3221815
Zach Nolan
Zach Nolan
Senior Director, Capital Markets
License details
FL-SL3280497

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