A retail and housing development is coming to 608 Prospect St. — the old site of Florida Tile — soon. Atlanta-based real estate company Carter, which proposed the development last fall, has officially purchased the 22-acre site west of Lake Wire and plans to break ground before the end of the year.
The new mixed-use development adjacent to Bonnet Springs Park will feature apartments, retail shops, and restaurants.
Once all permits are obtained and objectives go to plan, the project will be completed in two phases, broken down into sub-phases.
Phase 1A
Two 7,500-sqft buildings facing Kathleen Road will go up for restaurants and retail shops. Developers aim to attract the greater Lakeland community.
Phase 1B
Four-story buildings housing 300 apartments measuring roughly 915-sqft each will be built on 10.33 acres of land near George Jenkins Boulevard.
Phase 2
Two more buildings — four and five stories — will house 330 apartments above a 15,000-sqft stretch of retail space on Sikes Boulevard.