The University of South Florida has reached a major milestone in advancing its long-anticipated “Fletcher District”, a mixed-use neighborhood set to replace the former golf course known as The Claw. On November 6th, the Florida Board of Governors, which oversees the state’s public universities, voted to approve the project’s first phase.
The development will transform the defunct golf course, which closed in 2023 at the corner of Fletcher Avenue and North 46th Street, into a vibrant district featuring student housing, multifamily residences, a hotel, retail space, and public amenities. Plans have been steadily progressing, with the USF Board of Trustees granting its approval on September 9th and construction expected to begin in spring 2026.
Phase one will span 27 acres of the former Claw golf course’s 138-acre site. The plan includes 150 cottages, 350,000 SF of research space, 5,000 SF of conference space, a 150-room hotel, 60,000 SF of retail, 700 student beds, and 150 market-rate housing units. The development will also include over 1,000 parking spaces to support both academic and leisure uses within the district.
For students seeking housing close to campus, 400 of the 700 planned beds will consist of one-, two-, and four-bedroom units, each featuring a one-to-one bedroom-to-bathroom ratio, addressing strong demand for more private student housing at USF. The 150 multifamily units will also serve university employees, faculty, graduate students, alumni, and community members, with a portion also available to the general public.
According to the USF Oracle, the university is expected to generate over $509 million in profit from rent over the 40-year lease term, both from multi-family and student housing. You can find financing documents, the project’s summary, and more from yesterday’s meeting archive here.
The Fletcher District will be developed through a public-private partnership between the University of South Florida and ACE Fletcher, LLC, whose members include Capstone Development Partners, Capstone Communities, Aureate Development, and Ellison Development. Under this agreement, USF will create separate ground subleases for each parcel, lasting between 40 and 99 years.
The development team will design, build, finance, operate, and maintain their respective parts of the project, retain ownership during the lease, and fund their share of infrastructure and maintenance expenses. After the lease term ends, ownership of all facilities will revert to USF as required by Florida law.
This means the first phase of the project, estimated at $268 million, will be funded mostly by the development team through private financing. USF’s direct financial role will be limited to constructing its own academic building and contributing to parts of the shared district infrastructure.
When plans were first discussed to redevelop the golf course known as The Claw at USF, initial proposals had included parcels within the adjacent USF Forest Preserve. This sparked controversy among students and faculty, ranging from Indigenous heritage sites to critical habitat for native wildlife. After protests and study, the university clarified its intention. In a recently published FAQ the University of South Florida stated: “No. The Fletcher District is being developed entirely within the footprint of the former golf course, which was previously developed.”
Instead, the adjacent USF Forest Preserve will continue to serve as a site for research, fieldwork, and educational use. The university has confirmed that there are no plans in the foreseeable future to alter or develop the preserve.