Clearwater City Council Suing Developer

In 2002 the Community Redevelopment Agency entered into an agreement for Sarasota developer Bruce Balk to build 100 residential units called “Mediterranean Village in the Park”, ranging from 1,200 to 1,600 square feet, on the 5.4 acre former Dimmitt Chevrolet property on Clevland Street in downton Clearwater.

Balk abandoned the project after only 15 units were completed. The CRA sought other developers to complete the project but Balk refused to sign a “termination certificate” allowing another developer to finish. This has resulted in a “cloud on the title” to the property, which must be cleared before it can be conveyed to another party.

The Council gave permission to file a lawsuit against Balk and his two companies, the Balk Company Inc. and Mediterranean Village, LLC. asking the court to either enforce the original contract or “quiet” the title to the land so another developer can build on it.