The Prospect Lake parcel is the large vacant lot on Cleveland just east of Myrtle. It’s nearly 7 acres and it’s a prime spot for residential development. The search is well underway to find a developer to build a complex of more than 200 upscale apartments to attract young professionals.
Downtown is already one of the larger neighborhoods in the city with more than 500 homes and this project would increase that number by half. The expectation is that these renters will be full-time residents who are likely to work and play downtown.
Please see this Tampa Bay Times article for more details: Link to article.