$200 Million Mixed Use Project proposed for Tampa's Encore District

cliggittvaluation • Nov 16, 2022

Miami based developer LD&D plans to build a $200 million mixed-use project in Tampa’s urban district Encore. This will add apartments, hotel rooms, and retail space. LD&D will acquire a 2-acre parcel from Tampa Housing Authority located at 1101 E. Harrison Street. A deed has not yet been filed for the transaction, but city staff has notified developers the proposal has been approved.


The proposed project includes a 28-story luxury apartment building with 365 units. The building will also feature over 45,000 SF of amenity space that will have a wellness area and coworking space. There will be a residential sky lounge on the 26th floor that will overlook the city. A 178-key hotel is also planned and will be separated from apartments with a pedestrian walkway lined with shops and restaurants. There will be 32,500 SF of street level retail space, and a 586-space parking podium.


The development is just the latest planned for the Tampa Bay area’s ongoing development. The Encore district is between the Channel District and Ybor City – which has begun development on the mixed-use district Gas Worx.

1101 E Harrison St is referenced as P.A. ID #: A-13-29-18-9ZN-000000-00010.0

In addition to the proposed mixed-use development from LD&D, all five of the remaining vacant lots in the Encore district are under contract to be sold. CEO of Tampa Housing Authority, Leroy Moore, provided information regarding the vacant lots and what is planned for them to Tampa Bay Business Journal:

  • Lot 5 - Corner of East Scott Street & Nebraska Avenue: Condominiums & Medical Office Space
  • Lot 12 - Corner of East Harrison Street & Nebraska Avenue: Boutique Grocer
  • Lot 10 - 1101 E. Harrison Street: LD&D's mixed-use development (described above)
  • Lot 8 - East Harrison Street and Hank Ballard Street - Market-Rate Residential with ground-floor retail
  • Lot 13 - Market Rate multi-family

All the lots are under contract and developers will close on them between December and mid-2023. Construction is expected to begin on all lots upon closing with each project taking an 18-month planned construction time frame. 

For more information or to get help in determining the value of your property please call or email Mike Cliggitt, MAI, MRICS, CCIM! 


Thanks for your interest.


Mike Cliggitt, MAI, MRICS, CCIM

813-405-1705 Direct Line

findvalue@cliggitt.com

Tampa Office Real Estate Appraiser


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