Downtown Tampa Development

Mike Cliggitt, MAI, MRICS, CCIM • Jan 16, 2016

Vinik's Downtown Tampa Development

40 acres of Downtown Tampa owned and/or controlled by Tampa Lighting owner Jeff Vinik is planned for a massive redevelopment that would become the City’s new entertainment district. The plans include a downtown medical school, corporate headquarters, condos, hotels, meeting space, numerous shops and restaurants. In all the development was unveiled in 2014 has a total planned cost of approximately $1 Billion and a total of 3 million square feet of new space once completed. Projected space plans include over a million square feet of office space, 600,000+ SF of residential space, 575,000 SF of hotel/meeting space, 330,000 SF medical Campus, 250,000 SF of retails, 50,000 SF energy/cooling plant, along with 5,000 new parking spaces.

http://tampawaterfront2020.com

Information Source: Tampa Bay Times - Jamal Thalji

http://www.tampabay.com/news/business/jeff-viniks-1-billion-plan-for-downtown-tampa-finally-revealed/2210519




Plan Grows for Downtown Tampa Redevelopment District

Vinik’s downtown development plan has grown to a projected $2 Billion investment planned for two phases. After working with renowned planners (Jeff Speck and David Dixon) over the last year the project which was originally projected to cost $1 Billion has grown in size and total investment and economic impact for the Downtown Tampa market. This redevelopment will be the first entire neighborhood in the world to be WELL Certified. (WELL Certification is based on quality standards for air, water, nourishment, light, fitness, comfort, and mind). Phase 1 of the project includes 1,000 residential units, an office building, 200,000 square feet of retail / restaurant / entertainment space. Additionally, USF Morsani College of Medicine will be part of Phase 1 as well as the necessary infrastructure work and community space planned for the redevelopment.

Information Source: Tampa Bay Business Journal – Ashley Gurbal Kritzer

http://www.bizjournals.com/tampabay/news/2015/09/29/vinik-first-phase-of-downtown-development-alone.html


For more information regarding the Tampa Office Market or for analysis and valuation services contact:

Mike Cliggitt, MAI, MRICS, CCIM

813-405-1705 Direct Line

findvalue@cliggitt.com

Office Appraiser Tampa Florida

SHARE CONTENT

Three new projects announced at Tampa's Water Street

By cliggittvaluation • 29 Apr, 2024
Source : WTSP

St. Pete Beach TradeWinds’ resort expansion vote postponed

By cliggittvaluation • 16 Apr, 2024
Tradewinds St. Pete Beach Expansion Vote Delayed - Tampa Bay Business Journals

Darryl Shaw’s Ybor Harbor gets first approval from City Council

By cliggittvaluation • 12 Apr, 2024
Ybor Harbor, Darryl Shaw's waterfront vision, gets preliminary nod from Tampa City Council - Tampa Bay Business Journal Darryl Shaw's vision for downtown Tampa's waterfront, known as "Ybor Harbor," received initial approval from the Tampa City Council. The approved plan includes a comprehensive amendment and rezoning to develop approximately 33 acres along the Ybor Channel. The centerpiece will be a public waterfront area featuring 100,000 square feet of open space with amenities like a boardwalk, restaurants, retailers, and green areas. Additionally, the project will incorporate 500,000 square feet of office space, 800 hotel rooms, 150,000 square feet of retail space, and 4,750 residential units, with 10% designated for affordable housing. More information can be found with the Tampa Bay Business Journals at the link above.
More Posts
Share by: