In order to remain financially viable, developers behind the proposed mixed-use redevelopment of two city-owned sites along the downtown Clearwater waterfront must reduce the “visionary” project’s scope.
During its April 20 meeting, the Clearwater City Council agreed to extend New York City-based Gotham Property Acquisitions and Palm Harbor-based The DeNunzio Group’s due diligence period until Aug. 31. The additional time would also allow city officials to conduct market research with the help of an independent firm.
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