City of Lake Wales Press Release
Lake Wales, Fla. (May 12, 2026) – Board members of the Lake Wales Community Redevelopment Agency approved a $4.5 million acquisition of a 22,000 square-foot, three-story conditioned building and parking lot located at 100 W. Stuart Ave., adjacent to the Walesbilt Hotel in historic downtown Lake Wales.
The sale and purchase agreement will be executed between White Pelican Partners, LLC from Winter Haven, FL and the Lake Wales Community Redevelopment Agency.
Conceptual plans include more than 160 on-site and on-street parking spaces to accommodate future patrons of the Walesbilt Hotel and nearby businesses. A civic greenspace and pavilion are planned for the intersections at First Street, Stuart Avenue, and Central Avenue.
“Our goal is maximizing value by implementing scalable solutions that justify every dollar spent,” City Manager James Slaton said.
Representatives at White Pelican Partners, LLC will continue managing the lease agreements with tenants as part of the post-closing occupancy agreement.
