Tampa One Tower to move forward in development

Kolter Urban, a developer based in Delray Beach, and the City of Tampa have reached a settlement agreement allowing a 55-story tower to move forward. The tower is planned at the site of the old Tarr Furniture Building, which is currently occupied by a First Watch restaurant at the lower level. When Kolter Urban announced plans to tear down the building and replace it with the 55-story condo tower, many were not happy. The Tampa Historic Preservation Committee stopped the demolition permit for the tower last May. As part of the settlement to demolish the building, Kolter Urban will incorporate design elements from the original building into the ground level façade of the tower. The tower will be the tallest residential development on Florida’s west coast. It will include 311 units, and a ground level restaurant. The project is anticipated to break ground in 2023.