Strategic Property Partners LLC (“SPP”) unveiled plans for three new projects as part of the ongoing development of Water Street Tampa (“WST”), the live-work-play neighborhood that has created a new lifestyle destination in Downtown Tampa, including a residential condominium building, a build-to-suit trophy office complex and an entertainment destination that builds on the energy and excitement of the nearby Amalie Arena.
The office and residential towers will occupy an extension of Water Street currently under construction north of the 900 and 1000 blocks of E. Cumberland Ave. The mixed-use entertainment destination, located just north of Amalie Arena between S. Morgan St and S. Jefferson St., will feature a select service hotel, an event parking garage, and a variety of entertainment-oriented uses.
“We look forward to capitalizing on the energy and draw of Amalie Arena while creating a preeminent retail and entertainment destination for the Tampa region,” said CEO of SPP Josh Taube. “This dynamic project, complete with new restaurants, retail, live performance venue, and a hotel, will build on the vibrant atmosphere at Amalie Arena by providing a complementary and unique experience.”
The new residential condominium building will be the tallest building at Water Street Tampa and bring more residential choices to complement the existing rental offerings at Asher, Cora, and Heron. Additionally, SPP is exploring a new club concept with a social and fitness focus, providing an exciting new offering for the Tampa market.
Located within North America’s first WELL “Gold” Certified Community, the residential tower is being designed by Gensler Architects with Nichols Architects acting as architect of record. The second tower will be a build-to-suit trophy office complex with ground floor retail and green space with a focus on a pedestrian-friendly experience.
“From the inception of Water Street Tampa, we aspired to create a superior corporate relocation opportunity. We are successfully delivering on our vision of Water Street Tampa and believe its unique neighborhood energy, vibrancy, and amenities will become an unparalleled location attracting best in class companies and talent to the West Coast of Florida.
We are also well-positioned to partner with local and state leadership to capitalize on the immense draw of national businesses to Florida and we plan to vigorously pursue corporate relocations to this site,” Taube added. A preliminary design concept for the office tower was completed by Kohn Pedersen Fox (KPF), one of the world leaders in office design, to showcase the scale and type of opportunity available to corporations.
The project will build on the achievements of Thousand & One, the inaugural office building of WST and the first new trophy office building in Tampa in almost thirty years which is already 90% leased. The road and utility infrastructure work for these additions to WST has already begun and is expected to be completed by the spring of 2025.
Connecting the city street grid north of E. Cumberland Ave. will allow for greater vehicular and pedestrian connectivity between Downtown and Ybor City to the north. Plans also call for vibrant green space along Water Street allowing open-air markets, outdoor concerts, and other activities. The Urban Land Institute granted its 2023 America’s Award for Excellence to WST, recognizing its public-private partnership between developers, local government, and community leaders.
Known for setting global standards in innovation, WST is the world’s first WiredScore SmartScore Pre-certified Neighborhood for its technology infrastructure and was recently named one of the “World’s Greatest Places” for 2023 by TIME. Source and Images Courtesy of Strategic Property Partners via M18 Public Relations.