Source: WTSP
Strategic Property Partners has revealed plans for three new Water Street projects. Water Street has been a massive area of redevelopment and growth in Downtown Tampa and now developers are focusing on adding three new buildings. The projects will expand the area considered to be Water Street out to another block north and west with a focus on making Water Street an entertainment, sports, and business hub.
Across from Amalie Arena there are two parking lots where SPP plans to build an “entertainment destination which builds on the energy and excitement" of the arena, according to a release from the company. The property will be mixed use and have a multi-level parking garage, offer a variety of entertainment-oriented uses, and a select service hotel.
The second planned project is a high-rise condo building which is planned to be the tallest at Water Street Tampa. The building will also include a club concept that has a social and fitness focus. A third tower that is in the works will be a trophy office building – of which is 90% leased already. The property will have retail and green space on the ground floor.
SPP has said utility and road work has already been started, and the utilities/road work for the three properties can be expected to be completed by spring of 2025.
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