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Clearwater Beach Walk Update - Aqualea Luxury Condominium Hotel and Residences moving Forward

 Clearwater Beach Real Estate - Beach Walk Update

aqualea luxury resort of condominiums and condo hotel residences in Clearwater Beach 33767The 268-Unit Aqualea Resort Condominium Hotel and Residences got it's financing this week and now it's official the project is moving forward. aqualea condos and resort being built on clearwater beach 33767

The rendering on the left is what's coming by the end of 2009.

The photo on the right is how it looks today - just south of Pier 60.

As you can see Aqualea is in the very beginning stages of it's construction phase. The look of Clearwater Beach is changing dramatically with the on-going development of Beach walk and all the new luxury condos being built. 

Aqualea is located on South Gulfview Blvd on Clearwater Beach and is considered the centerpiece of Clearwater's new Beach Walk. It will be managed by Hyatt's resort Management.

The Aqualea Resort Condominium Hotel and Residences will be almost 1 million square feet of pure luxury when it's complete. They are planning for the building to be completed by the end of 2009.

Aqualea will be made up of

  • Hotel rooms;
  • Condo Hotel units - to be managed by Hyatt's resort management program and can be rented when not in use;
  • Luxury Condominium Residences - available for full-time residence;

 Aqualea 4 Star Resort Planned Amenities:

  • (2) large landscaped swimming pools including kids only section - on the 8th and 16th floors;
  • Beachside towel and beverage service;
  • The White Orchid Spa and Fitness Center;
  • Private air-conditioned poolside cabanas.
  • Library;
  • Media room;
  • Private Screening Room for "movie night"
  • Private Dining Room;
  • Business Center.
  • 2nd Floor Oystercatchers Restaurant;

Aqualea Luxury Condominium Prices:

  • Condos for Sale for $485,000 to $1.4 million;
  • a $5.4 million penthouse;

None of the residential units have been sold yet.  They plan to begin selling these in 16 months (around the 1 quarter of 2009) when they can actually walk people through the building.

clearwater beach walk celebrates condo developments at Pier 60  Aqualea was one of nine new luxury beach condo development projects announced for Clearwater Beach since early 2005.

This is a picture I took this Spring at Pier 60 when the City was celebrating Clearwater Beach Walk - the castle was not done when I took the photo but what a shame that Indigo Beach has already been cancelled. So what's happening with the other 8 planned developments? Here's an update:

Other Clearwater Beach Construction Projects Delayed:

  1. Clearwater Grande; Clearwater Beach 33767
  2. Entrada; Clearwater Beach 33767
  3. Kiran Grand Resort & Spa; Clearwater Beach 33767
  4. Marbella Condominiums; Clearwater Beach 33767
  5. Sienna Sands.  Clearwater Beach 33767

Clearwater Beach Developments moving forward

  • Aqualea Condos for sale from $485,000 to $1.4 million; 
  • Enchantment Beach-front Residences Condos for Sale from $900,000 - $2.7 million;
  • Marquesas - Condos for Sale from $700,000 - $6 million - construction has begun;

Cancelled Clearwater Beach Developments:

  • Indigo Beach Residence & Suites - Clearwater Beach Walk project cancelled early 2007; 

Clearwater Beach Real Estate

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*The above information and images are Copyright © 2007 Cyndee & Jack Haydon, Clearwater Beach Real Estate Agents and may not be copied, reproduced, distributed, transmitted, displayed or published.  All rights reserved.  Plagiarism will be detected and is punishable by law.  Reprinted with permission from Sandbars to Sunsets.    

Comment balloon 30 commentsCyndee Haydon • September 01 2007 09:15PM

Comments

Cyndee do you know why they cancelled Indigo Beach Residence & Suites? I love your photo of the beach walk!
Posted by Ashley Drake Gephart (Drake Intel Group) over 11 years ago

Ashley - these 9 luxury development came after 2 years of condo conversions and dramatic price increases. You can see where most units being offered are $700,000 to millions of dollars. That limits the pool of buyers as well as the pressure to attract them from other available beach bargains. The fact that they secured financing is a huge hurdle to have overcome in todays market.  

Sandpearl, working to be Clearwater's first 5 star hotel and condo-hotel resort on the north end of Clearwater Beach just opened this week. They are still building the condos and while most had advanced deposits - many were investors finding it hard to follow through on their commitment to purchase.  

I've just written more about Sandpearl - hope that helps give you a better feel for what's happening with Clearwater Beaches Real Estate right now.   

Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) over 11 years ago

Cyndee,

The rendering looks like a very upscale development.  I hope the finished project turns out well.  Sounds like a lot of development is coming your way - no surprise that you are on top of what is going on in Clearwater. 

Posted by Rita Taylor, Sanford NC Real Estate - Homes for Sale in Sanford North Carolina (None) over 11 years ago

Cyndee - we have a condo project here that I think is pronounced the same - which really struck my interest.  I love the looks of the rendering for the finished project... the project in my area is Aquila ( pronounced - a key la)

Posted by Thesa Chambers, Principal Broker - Licensed in Oregon (Fred Real Estate Group) over 11 years ago
Rita - it is the cornerstone of the Beach Walk project - the developer is a local one that has proven very successful which is important in a dynamic market like this. The City of Clearwater actually vacated the street along the Gulf of Mexico to make way for these resorts along with a boardwalk and more - it's quite an undertaking.  
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) over 11 years ago
Thesa - this is "Aqua" for water - not sure where "lea" comes from. It promises to be luxury living at it's best - Clearwater Beach is in the process of transforming from a Family Destination to a Luxury Resort Destination - the verdict is still out on whether it's a good thing or not. I personally love the "laid back feel" it's always had - luckily we have other beaches that have chosen to preserve a more "low rise" environment - a prime example is Indian Rocks Beach.  
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) over 11 years ago
Cyndee - Sounds and looks like it will be a beautiful addition to your area. Hopefully they will complete the project.
Posted by Paula Henry, Realtor - Indianapolis Real Estate - 317-605-4174 (Home to Indy Team @ HomeSmart Realty Group) over 11 years ago
Paula - we're all pulling for them. Securing financing was a big step forward. It will be interesting to see the project begin. They are also building another condo project - Marquesas on Clearwater Beach down the road. Luckily they are an outstanding developer and have done a great job on all their local projects.   
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) over 11 years ago
Cyndee: You always have such wonderful presentations with detailed information about whatever the topic may be. Nice to learn about different areas and always new developments coming up. What new developments that have been built here are not selling quick. Offering many incentives and such.
Posted by Celeste "SALLY" Cheeseman, (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE (Liberty Homes) over 11 years ago

Cyndee- Wow! You are just a wealth of information about Clearwater and Aqualea 4 Star Resort . 

I am very impressed by your professional attitude in your writing about important subjects that buyers need to know about. Thank you. I am learning more about your area as I read your posts. Katerina

Posted by Katerina Gasset, Get It Done For Me Virtual Services (Get It Done For Me Virtual Services ) over 11 years ago
Sally - they are struggling with the same thing here - the good news is that Sandpearl - the first possible 5 star resort just opened and it had 5 luxury condos sell this past month that were almost $1 million to $2 million each which is a good sign because it's definitely a different buyer pool - thanks for your kind words.    
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) over 11 years ago
Cyndee - Wow!!  This will add additional beauty to the (already) wonderful Clearwater Beach in your area.  Sounds fabulous!!  A 4 STAR RESORT on one of America's Top Beaches sounds heavenly!!  I bet the locals in Clearwater are thrilled to see 2009 arrive when it's all completed.  Talk about POSH!!!
Posted by Susie Roscoe, Real Estate Specialist | Brandon, FL (Signature Realty Associates) over 11 years ago
Cyndee, great information about luxury condos in Clearwater.  Aqualea promises to be a beautiful development.  Hope it continues to go forward!!!
Posted by Chris Tesch, College Station, Texas Real Estate (RE/MAX Bryan-College Station) over 11 years ago
Cyndee, What a luxury!!! to live in a condo/hotel I guess that's why the prices are so high or is that normal?
Posted by Mana Tulberg, Real Estate Agent - Camarillo CA (805 County Real Estate) over 11 years ago
Susie - Clearwater Beach is becoming a high end luxury resort destination - it is definitely going to be POSH!
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) over 11 years ago
Chris - it looks good now for it to make it - 2009 should be enough time to absorb any excess condos on the market with now due to the large number of condo conversions that happened the 2 years.  
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) over 11 years ago
Mana - the prices of condos in these luxury developments is running about $750/sq ft - the price of land, construction and location, location, location - that's why the condos that are offered for $400-500,000 are great bargains right now.   
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) over 11 years ago
Cyndee - great overview on Aqualea - JMC is a proven developer - I'd put my money on them being successful. They've done a great job on North Clearwater Beach with Sandpearl, Belle Harbor and Mandalay Beach Club - now they're working on Marquesas and Aqualea on South Clearwater Beach. 
Posted by Jack Haydon, Clearwater Beach Condos - Real Estate Homes for Sale (Charles Rutenberg Realty) over 11 years ago
Jack - you make a great point - JMC is a proven winner!!
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) over 11 years ago

It looks absolutely gorgeous! I'm sure it will be very popular.

Posted by . . (no thanks) over 11 years ago
Bridget- I agree - it will have a Mediterranean feel and promises to be gorgeous.Wish you were a Bilingual Realtor here - we could use a good one to refer to :-)  
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) over 11 years ago

Cyndee, What a great post on the upcoming development at Aqualea!  It's going to be a great beachfront addition to Clearwtaer Beach!  I love the sand castle too...great picture!

Posted by Leah Ross, Tampa, Florida Mortgage (Your Tampa Bay Mortgage Source) over 11 years ago
Leah - It should be an amazing luxury Clearwater Beach Condo Development - we'll have to vist the spa when it opens - in the name of research of course. :-)
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) over 11 years ago
I love to see big resorts like this being built - I hope you take lots of pictures to show us the progress - I might do the same for some construction here in Miami.
Posted by Rick & Ines - Miami Beach Real Estate (Majestic Properties) over 11 years ago
Ines - thanks for stopping by - it should be amazing when it's complete and I plan to do more in progress photos around town. You should see the post Jack did on the new Sandpearl - it has some of the in progress and I think people enjoy that.
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) over 11 years ago

Cyndee, It looks more like California every day. I'm impressed. And a very nice post besides.

Bill Roberts

Posted by Bill Roberts, "Baby Boomer" Retirement Planner (Brooks and Dunphy Real Estate) over 11 years ago

Bill - thank you for your kind words - I appreciate your stopping by - we have more on Jack's blog - We just had our hopefully first 5 star resort in the area in 25 years.  

Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) over 11 years ago

Bill - thank you for your kind words - I appreciate your stopping by - we have more on Jack's blog - We just had our hopefully first 5 star resort in the area in 25 years.  

Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) over 11 years ago
It will be nice to finally have some people back on Clearwater Beach....the SandPearl was the 1st step..and is totally gorgeous!Hope Aqualea brings even more back!
Posted by BLR Guy (BLRGUY(Beach & Luxury Realty Inc)) about 11 years ago
BLR Guy, I couldn't agree - JMC Corporation and Mike Cheezam have shown they KNOW how to do it right. Thanks for stopping by and sharing your thoughts!
Posted by Cyndee Haydon, 727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes (Charles Rutenberg Realty) about 11 years ago

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