WestShore Plaza Redevelopment

cliggittvaluation • Mar 28, 2023

WestShore Plaza, an enclosed suburban style shopping mall in the heart of an urban district will one day bring a live-work-play environment that the Tampa Bay region has seen brough to life in other areas such as Water Street and Midtown. Owners of the plaza, Washington Prime Group, announced a three-phase redevelopment plan back in 2019 prior to the pandemic. These plans were approved, but no project dates have been officially announced.


Washington Prime Group filed for Bankruptcy back in 2021 - citing online shopping becoming a struggle for traditional shopping centers. The bankruptcy filing is said to not have affected any redevelopment plans. The three phases would look like this:

Phase One:

  • 835 Residential Units
  • 240-Key Hotel
  • 120,000 Square feet of Medical Office Space
  • 93,000 Square Feet of Office Space
  • 45,000 Sqaure Feet of Retail Space
  • 30,000 Sqaure Foot Grocer

Phase Two:

  • 649 Residential Units
  • 31,000 Sqaure Feet of Food and Beverage Space

Phase Three:

  • 281 Residential Units
  • 149,000 Sqaure Feet of Office Space
  • 9,000 Sqaure Feet of Food and Beverage Space


Below are renderings of the planned redevelopment:

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Thank you for your interest. If you need appraisal or valuation services in the Tampa Bay area contact:

Mike Cliggitt, MAI, MRICS, CCIM

813.405.1705 - Direct Line

findvalue@cliggitt.com

Tampa Appraisal and Valuation Services

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