Water Street Tampa is a 56-acre mixed use redevelopment project designed to revitalize the Channelside District. Upon completion, it will encompass two million square feet of office space, 3,500 residential units, 1,593 hotel rooms and one million square feet of retail/entertainment space.
Built around wellness, connectivity, walkability and sustainability, the $3 billion Water Street Tampa project is focused on creating a balanced urban experience featuring waterfront views, publicly accessible green space and dining, shopping, cultural attractions, entertainment venues, residences and offices in the heart of Tampa.
Strategic Property Partners, LLC is developing and will own and operate this new world-class neighborhood in Tampa. SPP is a partnership between Cascade Investment LLC, and Jeff Vinik. SPP is a full-service commercial real estate development firm focused on world-class execution, innovation, and creating high-quality and experiential places.
The first phase of Water Street Tampa began in 2016 and will include approximately 5 million square feet of residential, hospitality, office, retail and educational space.
Currently under construction are 70 unique retailers and restaurants, Tampa’s first downtown trophy office building in more than 25 years, a diverse range of over 1,300 new apartment homes, the first four and five-star hotels in Tampa Bay, the University of South Florida’s Morsani College of Medicine and Heart Institute, and the first hotel-branded residences available for sale in Tampa Bay.
The newest building, 1050 Water Street, is also the largest residential development in the neighborhood. It is 22 stories tall, spans 495,000 square feet and will feature 490 rental residences. It will feature rental residences ranging from studio to two bedrooms. The homes offer interiors inspired by Tampa’s industrial history. The building also will offer a select number of short-term rental residences.
