Kolter Urban, the developer behind the luxury condo tower One Tampa will reduce the scale of the project to minimize and avoid regulatory delays on the development. The tower has already been delayed after a legal battle with the City of Tampa which has ultimately been resolved (read more here).

The Hillsborough County Aviation Authority indicated to Kolter Urban that they would be contesting a height waiver for the tower, so ultimately the developer has decided to scale down the project from 55 stories to 42. Because of this, the number of units has been reduced from 311 to 225 (nearly a 30% reduction).

Kolter Urban paid $11.64 million in late 2021 for the Tampa One site which consists of 520 N. Tampa Street, 514 N. Tampa Street, and 507 N. Ashley Drive. 507 N. Ashley Drive is a vacant lot, but the other two parcels will begin demolition in February. Amenities offered at the tower will remain the same – which includes a pool and spa, a fitness center, yoga and cycling studios, a pet park, catering kitchen, movie theater, three fully furnished guest suites, and a work from home lounge.