$3B Water Street Tampa Development Kicks Off This Fall

The upcoming 9 million-square-foot project will transform the downtown neighborhood, bringing new office, residential, retail, hospitality, cultural and public space over a 10-year build out.

After several years of planning and accumulating properties in downtown Tampa for a transformative mixed-use waterfront district, Strategic Property Partners LLC said the first phase of the $3 billion, 9 million-square-foot Water Street Tampa project will begin this fall.

More than 4 million square feet of office, residential, hospitality, retail and cultural space across 10 blocks is slated for completion by 2020. Subsequent phases are expected to be completed by 2027. When it is built out, Water Street Tampa will have 2.6 million square feet of office space—the first new office towers to be erected in downtown Tampa in nearly 25 years—along with 1 million square feet of retail, cultural, educational and entertainment space; 3,500 new rental and for-sale residences; and two hotels with more than 650 guestrooms, including the city’s first 5-star hotel…

$3B Water Street Tampa Development Kicks Off This Fall

Categories : Finance

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