Phillies buy 13 acres next to Clearwater stadium for $22.5M

The Philadelphia Phillies have picked up a possible puzzle piece in a deliberate redevelopment of their Clearwater spring coaching headquarters.

A gaggle tied to the staff has bought a distressed 13-acre retail property instantly south of BayCare Ballpark for $22.5 million, in accordance to Pinellas County information. The web site at 21688 US 19 N features a Floor & Decor retailer, which has 5 years remaining on its lease, and a just lately shuttered Buffalo Wild Wings.

The vendor, a restricted legal responsibility firm based mostly in Denver, filed for Chapter 11 chapter safety in Colorado in April. At that point, the Phillies had been already effectively into negotiations to buy the parcel, mentioned John Timberlake, the Phillies’ director of Florida operations.

“It’s a big piece of property that’s contiguous to the footprint of the ballpark and our complicated, and actually the final one which’s obtainable,” Timberlake mentioned. “And so once we noticed what was happening with it, our possession thought it will be a wise transfer to strive to purchase it.”

Timberlake mentioned there is no fast plan for the property past further parking, which he believes will probably be wanted next spring, with the Phillies having made this yr’s World Series. Ultimately, he mentioned, the buildings standing there now will possible be demolished.

In September, the staff briefed metropolis officers on its need to construct what Mayor Frank Hibbard described as a $300 million participant growth heart close to the city-owned ballpark and Carpenter Training Complex, which sits instantly north. Details of the venture haven’t been publicly outlined, who has the associated fee town and Pinellas County could also be requested to pay. The staff has disputed the $300 million price ticket, saying the venture continues to be in its early phases.

(*13*)Related: Revamp of Philadelphia Phillies’ Clearwater coaching complicated may hit $300M

Timberlake mentioned the staff didn’t buy the property with the thought of ​​finding the brand new complicated there, though it may finally host some components, similar to a lodge, dorm or residences for visiting gamers.

“We’re in such a conceptual space nonetheless with that,” he mentioned.

More possible, he mentioned, the staff will work with town to develop the parcel for a number of makes use of, together with some housing and retail.

“There’ll be some buying and selling of concepts, finally utilized to a closing growth in that property,” he mentioned. “It actually is type of a clean palette proper now. But the purpose, not less than at this level, will not be that it will all develop into a part of the Phillies’ coaching complicated.”

John Crotty, principal of Avison Young’s Florida Capital Markets Group, which facilitated the deal, mentioned in an announcement that the property obtained “a number of affords from retail traders and multifamily and mixed-use builders.

“Ultimately, probably the most becoming purchaser was the consumer of the adjoining property that may maintain the property all through Floor & Decor’s lease whereas figuring out the perfect redevelopment avenue to pursue,” Crotty mentioned.

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Said Timberlake: “It exhibits the Phillies’ dedication to a long-term presence in Clearwater.”

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