GSP, McShane Complete Florida Adaptive Reuse Project
- Jul 23, 2020
A former office building that had been an abandoned eyesore in Clearwater, Fla., has been transformed into 1100 Apex, a Class A, 134-unit, mixed-use multifamily property by GSP Development and McShane Construction Co. The adaptive reuse project also includes a two-story structured parking deck with 202 spaces and 4,300 square feet of retail space that has already been leased.
The 15-story, concrete structure was constructed as an office tower in downtown Clearwater in the 1970s but had been vacant since 2009 and fallen into disrepair. GSP Development purchased the 2.1-acre property and building at 1100 Cleveland St. in 2017 and by May 2018 had named McShane as the project’s construction firm. McShane worked closely with Kimmich Smith Architecture in a design-assist capacity while coordinating with structural and civil design. McShane also utilized its design-build MEP/FP approach and worked directly with subcontractors and in-house engineering teams. The firm was able to save the developer more than $2.6 million in construction materials with this approach.
The asset now features a stucco exterior on the tower and surrounding two-story structures where the retail space is located. The apartment units consist of two-story townhomes and single-story residential floorplans. The units have stainless steel appliances, quartz and granite countertops, wood plank flooring and private balconies. The redevelopment features best-in-class amenities including a clubhouse, fitness center, putting green, swimming pool and outdoor lounge with grills, a fire pit and private cabanas.
Scott Hoppa, senior vice president of McShane’s Southeast region, said in a prepared statement it was an honor to work with GSP and Kimmich Smith to transform the building from an eyesore into something Clearwater residents can be proud of in their neighborhood. The development is expected to spur further economic development in the neighborhood.
McShane, a national industrial, commercial and multifamily building company, and GSP, both based in Illinois, have worked together in the past on several Chicago-area projects including Apex 41, a luxury multifamily property, and an office building in the O’Hare submarket.
In June, McShane finished construction of Avenida Naperville, an age-restricted multifamily community in the Chicago suburb of Naperville, Ill., with 146 units for residents 62 and older. Earlier this year, McShane was named as the building company for a 72-unit, mixed-use affordable housing development in Maywood, Ill., slated for completion by February 2021.