Redevelopment Projects in Largo back  
Date of Record: February 7, 2011

Redevelopment Projects in Largo

Most of Pinellas County can be considered a built-out community, meaning that around 10% of the total buildable land is vacant of any structures. The City of Largo is slightly better off with the amount of vacant land in the community, however, the most affordable way to get into a building these days in the City is through the redevelopment and reuse of an existing structures.

Over the past three years we have had several projects that have undergone changes in their use through the redevelopment of the structure - for example on East Bay Drive the former Winn Dixie site is now home to Everest University and Maverick High School. Then there is the Pinellas County Health Department that is currently under construction at Ulmerton Road. The original building was an office building and now the renovation is constructing offices and medical facilities for the County's Health Department.

There are several projects that are underway in which developers have recognized that the "bones" of the buildings are in excellent shape and now they are investing in updates to the structures to make them appealing to new or expanding businesses to Largo. Here are a few of the more recent locations:

West Bay Professional Plaza

Formerly known as the Diagnostic Clinic, this 4-story 105,000 square foot facility is located in the Medical Arts District in the West Bay Drive Redevelopment District. The building owner is in the process of re-designing each floor as well conducting a major facelift to the building exterior. Suites from as small as 1,200 square feet up to the entire structure are currently available. The West Bay Professional Plaza is currently undergoing the renovation and it is expected to be completed in mid-2011.

16120 US Highway 19 North

Recently purchased, this is a 192,000 square foot office building for lease located on US Highway 19 at the off ramp for East Bay Drive. The building is 2-stories and has great parking in the rear of the facility to accommodate the tenant mix. The building owner will be glad to provide build-outs to accommodate new tenants. Leasing rates will start at $8.00 a square foot triple net (lessees pay the taxes, insurance, maintenance and other costs associated with the building) with the minimum space being 15,000 square feet.

150 Clearwater Largo Road

This is a new construction project that is located just north of the West Bay Drive and Clearwater Largo Road intersection. Available space includes 8,440 square feet of street fronting retail and 2,300 square feet of professional office in an adjacent building. Plenty of parking and the complex is located in the downtown area of Largo.

Also, just released was the University of Florida's fourth quarter 201 survey on Florida real estate markets. The report found improvement in several key areas including single-family housing (homes and condominiums), office, retail, land investment and the capital availability for real estate deals. More on this can be found at the UF News site.

The Economic Development Division has many commercial property listings online to view. If you have a location for lease or sale in the Largo market please contact Teresa Brydon and provide her with an electronic flyer on the commercial site.

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