SPP Plans Next Phase of Water Street Tampa

The expansion’s residential tower will be the tallest building at the $3 billion development.

A rendering of the completed project, a glass building in a downtown setting.

A rendering of the completed project. Image courtesy of SPP

Strategic Property Partners has announced plans for a trio of new projects destined to be part of the ongoing development of Water Street Tampa, in downtown Tampa, Fla. The three elements will be a residential condominium building, a build-to-suit trophy office complex and an entertainment destination.

These projects will add to the live-work-play neighborhood created by the $3 billion, 56-acre WST in Tampa’s historic central business district.

The new residential building will be the tallest structure at WST. It is intended to deliver residential choices to augment existing rental opportunities at Asher, Cora and Heron. Designed by Gensler Architects, with Nichols Architects acting as architect of record, the residential tower may include a new club concept with a social and fitness focus. It is situated within North America’s first WELL “Gold” Certified Community.

Various uses

The office and residential towers will fill an extension of Water Street now under construction north of the 900 and 1000 blocks of East Cumberland Ave.

The mixed-use entertainment destination is located just north of Amalie Arena, home of the National Hockey League’s Tampa Bay Lightning, between South Morgan St. and South Jefferson St. It will incorporate a select service hotel and an event parking garage, as well as an array of entertainment-oriented uses.

Road and utility infrastructure work for these additions to WST is already underway. Completion is anticipated by the spring of next year.

Connecting the city street grid north of East Cumberland will enable enhanced vehicular and pedestrian connectivity between Downtown Tampa and historic Ybor City, a district northeast of Downtown Tampa that represents one of Tampa’s most acclaimed and popular neighborhoods. In addition, a proposed green space along Water Street promises to be a venue for open-air concerns, outdoor markets and similar activities.

Last month, a Tampa Multifamily Report found additional multifamily community deliveries slated for the coming year.

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