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Largo ends development agreement for West Bay Drive site; staff to seek new options
Summary
The City Commission approved termination of a development agreement covering redevelopment of the 500–600 blocks of West Bay Drive after the original developer said it cannot proceed. Staff said ownership and a repurchase option remain in place and will explore new development opportunities.
The City Commission on March 4 voted to terminate a development agreement covering the redevelopment of the 500 and 600 blocks of West Bay Drive after the developer informed the city it cannot complete the previously proposed mixed‑use project.
City staff told commissioners that the city entered into the development agreement on March 21, 2023, with a developer identified in the agreement as "5 Hundred–6 Hundred West Bay Drive, LLC" and seller Largo Central, LLC. The…
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