The longtime hospice campus at 5771 Roosevelt Boulevard in Clearwater is on track for a dramatic makeover, with developers PGIM and Greystar planning to swap hospital beds for housing. Their project, a 376‑unit residential community dubbed Birchway Bayside, would bring a mix of apartments and two‑story townhomes to the 22‑acre site, with a sizable chunk reserved for workforce and affordable housing. Greystar is targeting a construction start in 2026 and completion in 2028.
What Birchway Bayside Would Bring
The plan calls for 376 homes spread across 19 buildings: 283 apartments and 93 townhomes. Of those, 151 units — roughly 40 percent — are slated as affordable housing for households earning 60 and 80 percent of the area median income.
On the amenities front, the developers are going big: a resort‑style pool, broad green space, two dog parks, a children’s playground, sports areas and 693 parking spaces are all in the mix. Townhomes are planned with two‑car garages.
The development is estimated to cost more than $80 million and is reported to include $68 million in financing from CIBC Bank USA. The project is slated to start in 2026 and wrap by 2028, according to Florida YIMBY.
From Hospice Hub to Housing Site
The property at 5771 Roosevelt Boulevard has long served as home base for Empath Health’s Mid‑Pinellas service center and Suncoast Hospice. As part of the sale, the nonprofit says it is relocating administrative functions off the site…