The Indigo Apartments

Jones Lang LaSalle Americas, Inc. is pleased to present The Indigo (the “Property”) a landmark high-rise in the heart of burgeoning Downtown Clearwater offering dazzling views of the Gulf of Mexico and immediate access to the famed white sand beaches of Clearwater Beach. Rising 17 stories high and spanning 208 studio and one-bedroom units, the Property was constructed in 1971 and had historically been operated as a 55+ active adult community. Upon acquiring the Property in 2020, current ownership embarked upon a complete transformation to fully reimagine the common areas and modernize the units. With $3.25M ($15,275 per unit) spent on capital improvements over the past two years, the Property represents a rare opportunity to acquire a turnkey, like-new asset that is poised to capitalize on the ongoing revitalization of Downtown Clearwater and the nation-leading growth of the greater Tampa Bay area.

The Property’s strategic location within Downtown Clearwater offers residents an unmatched quality of life. Rated as both “Very Walkable” and “Very Bikeable” by WalkScore.com, the Property provides immediate access to a Publix grocery store, a growing number of restaurants, cafes, and nightlife destinations, as well as 3 million square feet of office space home to emerging tech startups like KnowBe4, Affinitiv, DocuPhase and VeriFone. Downtown Clearwater’s rapid growth is highlighted by the transformative $500 million waterfront Imagine Clearwater development that will feature a 4,000-seat covered bandshell in Coachman Park, thousands of square feet of space devoted to retail and office with direct access to Clearwater Harbor, and a 150-unit hotel. Moreover, Downtown Clearwater sits just across the Clearwater Memorial Causeway from the world-renowned Clearwater Beach, which ranks as the #1 beach in the U.S. by TripAdvisor and provides dazzling sunset views for the Property’s residents.