Join . The Water Street Tampa initiative is revitalizing an underutilized tract of land to create an urban mixed-use waterfront district encompassing about 9 million square feet zoned for multiple uses . Photo Illustration by Erin O'Flynn/The Daily Beast/GettyA new subvariant of the novel-coronavirus called XBB dramatically announced itself earlier this week, in Singapore. Subscribe to our free Business by the Bay newsletter. Enjoy the comforts of home, away. New high-rise buildings are clustered at Water. Developers have offered few details on whats coming after Phase 1. Dormant for years, downtown Tampa's future revitalization project will be completed in three phasesPhase 1 by 2020, Phase 2 by 2023 and Phase 3 by 2027. Some of those homes will be in the other big building on the way: Edition, a Marriott-partnered upscale hotel from hospitality veteran Ian Schrager that will open around March or April. In the early going, Phase 2 will look a lot like the start of Phase 1 lots of horizontal infrastructure-type work, Cooke said, that wont be all that glamorous. Think pedestrian walkways, building footprints and foundations, rather than cranes in the sky. Boutique Hospitality Has A New Luxury Player Everyone Should Know. Back in 2013, Jeff Vinik said his Water Street Tampa project would develop in phases. Water Street Tampa Master Plan Phase 1 Full Build-out Office Residential Hotel Retail / Entertainment Office Residential Hotel Retail / Entertainment 519,656 SF 1,356 Units 1,418 Rooms 328,000 SF 2.0 Million SF 3,500 Units 1,593 Rooms 1.0 Million SF Phase 1* Future Phases O R P H E I G Office Residential Parking Hotel Were bullish on residential demand and people living downtown. Strategic Property Partners Tampa's waterfront is about to be transformed, with an ambitious $3. Read about Water Street Tampa in the news, Buzz: Tampa firm Weatherford Capital relocates to Water Street Tampas Thousand & One tower, Five-star luxury hits Tampa as Edition hotel makes splashy debut, Water Street Tampa announces European-style street market, Wild boutique plant shop opening in Water Street Tampa, Exclusive: First look at The Tampa Editions bar and restaurant offerings, Investment firm Northern Trust moving Tampa office to Water Street tower. Phase 2 of Water Street Tampa is also expected to begin early next year. We are very much in our spring training, said Lee Schaffler, chief portfolio officer with lead Water Street developers Strategic Property Partners, a partnership between Vinik and Bill Gates Cascade Investment. It was designed by Nichols Architects from Coral Gables. YIMBY's coverage of the development of Water Street Tampa continues with the hotel and hospitality components of phase one. Well break down the latest business and consumer news and insights you need to know every Wednesday. ROOST Apartment Hotel at Asher is now open. Designed by Morris Adjmi, AoR is Nichols Brosch Wurst Wolfe & Associates (NBWW). You are completely immersed, no skyline holes whatsoever. Construction for the $3.5 billion eat-work-play-stay development that's reshaping downtown Tampa started in 2018. Water Street is the first in the world to achieve the WELL Design & Operations designation by promoting health and well-being across all aspects of community life. The pandemic and other factors delayed several of Water Streets phased openings. Subdivision WATER STREET TAMPA SUBDIVISION - PHASE 1 Property Type Condo, Townhouse; County Hillsborough Year Built 2022 Water Public Square Feet 1,824 sq. Theres a bit of a gap in construction between the two, but not too long.. www.tampabay.com SSP has taken out $330 million worth of loans in the last five months ($150 against Heron in March and $130 against the JW in July). On Thursday, Tampa City Council is holding the second public hearing on a development agreement for the next phase. What's next: Move-in for 1050 Water Street is slated for early 2022. I dont want to speculate on a date where we could make some grand announcement. Schaffler said details on that and the Ardent Mills property would be unveiled soon. Please use a modern and up-to-date browser version for the best experience. It was about 20 acres downtown at the time; the next year, it was up to 40 and a cost of more than $1 billion. As we construct Water Street Tampas largest towers and perfect its smallest details, our vision for creating a more balanced urban community is coming to life before our eyes. Developers have offered few details on whats coming after Phase 1. Only a few big pieces of what developers consider to be Water Streets first phase have yet to open, and those are nearing completion. ft with 2 bedrooms and 3 bathrooms . Were actively planning and working on it as we speak, Schaffler said. The Arlo Wynwood, designed by Nichols Architects and Wynwoods first hotel, opens in Miami Weve got the latest project photos, captured by Mike Butler. Strategic Property Partners is wrapping work on the developments main thoroughfare, Water Street, and its adjacent 45-foot sidewalk dubbed the Verge, a walkway lined by trees, gardens, retail and public art. With restaurants, homes and hotels opening soon, developers will start expanding Water Streets footprint in 2022. One element thats all but certain is more residences. A 19-story,. Want more of our free, weekly newslettersinyourinbox? Heron will have 3 Corners and the Pearl, and Asher will have Wagamama, all sometime this year. Schaffler said Strategic Property Partners is in advanced discussions, some of them are signed leases, with other retailers and restaurants, most of which have not yet been announced. We are grateful to be part of Method Co. and thrilled to partner with Strategic Property Partners to open ROOST Tampa, coming very soon to Water Street! On display at Chill Bros. Scoop Shop from October 22-23. Other than the Publix GreenWise and new eateries at Sparkman Wharf, few Water Street restaurants and retail spaces have opened. We are master planning and going through the merchandising mix and how we want to design it, and what the use types are. This field is used to separate form fields by adding horizontal line between them. 1011 E. Cumberland Avenue The $3B Water Street project will become downtown Tampa's envisioned future, to be completed in three phases: Phase 1 by 2020, Phase 2 by 2023, and Phase 3 by 2027. We are master planning and going through the merchandising mix and how we want to design it, and what the use types are. With restaurants, homes and hotels opening soon, developers will start expanding Water Street's footprint in 2022. With those buildings and streets complete, Water Street Phase 1 will be done, said Brad Cooke, a Strategic Property Partners vice president. One element thats all but certain is more residences. But its not the total vision. Phase 1 construction on Water Street is scheduled to be completed by 4 pm on Friday, August 13, 2021, weather permitting. Heres what Phase 2 holds, by Daniel McCarthy This week, Arlo Hotels officially opened the doors on its newest Miami property, Arlo Wynwood, welcoming guests to the first hotel built in one of the citys most colorful neighborhoods. We are a city. By spring, technology training school Future Tech Career Institute should move into Sparkman Wharf and real estate investment firm Sila Realty Trust will move into Thousand & One. But its not the total vision. By the end of summer, Tampa cybersecurity company ReliaQuest will relocate its global headquarters from Harbour Island to Thousand & Ones top seven floors, putting its name and logo on the top of the tower. A Strategic Property Partners Project Copyright 2022, About Water Street Tampa Getting Here Legal Privacy Statement Careers. Along with those apartments and condos will likely come businesses meant to bolster Water Streets city within a city experience stores tailored to people who live within a 15-minute walk or bike ride, Schaffler said. Phase 2 is just around the corner, and Larissa Scott gives us a glimpse at what's in store for WFTS-TV Online: https://bit.ly/3Ok6oyH Asher, too, will have a mix of apartments and hotel rooms, with Roost Tampa, a boutique, 97-room extended-stay hotel on site. The 490-unit apartment complex at 1050 Water Street will begin pre-leasing in January, with move-ins planned for March. Meet Method Co. A blow dry bar is the latest addition to Water Street Tampa, Once Known as the Land of Hooters and Magic Mike, Tampa Has Discovered Its Cool Factor. We are very much in our spring training, said Lee Schaffler, chief portfolio officer with lead Water Street developers Strategic Property Partners, a partnership between Vinik and Bill Gates Cascade Investment. The street is expected to open to pedestrian, bike and car traffic later this month. As recently as August, Strategic Property Partners said Phase 1 would wrap later this year. But before it can be considered complete, at least two projects have to open. New high-rise buildings are clustered at Water Street Tampa on Nov. 30,. From fast casual to fine dining, find your next culinary experience in the neighborhood. Between Roost, Edition and the JW Marriott Tampa Water Street (NBWW designed), the district will have added nearly 800 rooms to downtown Tampas hotel inventory since late 2020. Whereas Phase 1 delivered a number of buildings within a two-year span, future phases will feature fewer buildings at a time, Schaffler said. Water Street Tampa Phase 0 For the Sparkman Wharf Project, Pep Rally Inc had the exciting opportunity to collaborate with Strategic Property Partners beginning at phase 0 to create a unique space along Tampa's Garrison Channel waterfront. There are a few more public spaces and art projects left to add and touch up, Cooke said. Those deals that have been done, and the ones that are in the process of doing right now, theyll all open over the course of various timeframes over the course of the next year.. By the end of summer, Tampa cybersecurity company ReliaQuest will relocate its global headquarters from Harbour Island to Thousand & Ones top seven floors, putting its name and logo on the top of the tower. But, they aren't finished just yet. Water Street Tampa's developer reveals details about this project's public spaces . Both are expected in the first half of the year. Despite delays brought by the pandemic and other factors, developers still have that date in mind for completion. The initial phase of vertical development, which encompasses 3.5 million sf across 11 individual projects, commenced with the April groundbreaking for a 519-key JW Marriott hotel that is scheduled to open in 2020. Boutique Hospitality Has A New Luxury Player Everyone Should Know. As this phase is completed in 2022, were hard at work on the next phase of the development. This post highlights the development that has taken over Downtown Tampa. This Tampa Bay expert is betting yes, How attacker evaded cameras, security, police to get inside Nancy Pelosis home, First look: Water Street Tampa to open Asher apartments, Roost hotel in 2022, From Studio 54 to Water Street Tampa, Ian Schrager talks new Tampa Edition hotel, A look at the outdoor art coming to Water Street Tampa in the coming months, What's opening in 2022? But the area still wont be totally full or open for business. Sila becomes the third tenant announced in the 1001 Water St. tower, along with accounting firm RSM US and Suffolk Construction. Water Street Tampa is also home to multiple permanent public art installations that are on display year-round, including works by Jim Campbell, Jason Bruges Studio, Leon Keer, Tavares Strachan and more. The 17-foot model is located in the marketing center of Strategic Property Partners in downtown Tampa and is used to present a multi-billion dollar real-estate development called Tampa Water Street. These will arise in lots surrounding Phase 1, especially north of Cumberland Avenue. It was about 20 acres downtown at the time; the next year, it was up to 40 and a cost of more than $1 billion. Lots of shops and restaurants new to Tampa Bay, Dessert shop, 'oyster room' among restaurants set for Water Street Tampa, Coming to Water Street Tampa: A free art installation featuring a grocery store made of felt, Theres a cat food shortage, and Tampa Bay felines are not happy about it. We have residents who live here 24 hours a day, 365 days a year.. Space at Sparkman Wharf and Thousand & One is almost fully committed, Schaffler said, with at least five companies already working out of those buildings. The two towers will rise to 26 and 21 stories respectively, with 420 residences offering a view of the Tampa skyline. Nine years later, the footprint for the development encompasses more than 70 acres, with some 9 million square feet of space under development at a cost of $3.5 billion. Work out in our collection of neighborhood fitness studios and gyms. This field is used to separate form fields by adding horizontal line between them. We are doing our part, he said. Meet Method Co. 08.15.2022. Phase 2 of its expansion includes new curbside express lanes, an atrium, a new pedestrian bridge and a 170-acre commercial development with two new hotels. Sparkman Wharf was looking at a few late 2021 and early 2022 restaurant openings, including BurgerFi, Shortwave Coffee and Noble Rice. Water Street unveiled a handful of major components since late 2020, including two new residential towers, an office tower, a new Publix GreenWise Market and a JW Marriot hotel. This site no longer supports your current browser. 1001 Water Street The 20-story mixed-use building features approximately 380,000 square feet of trophy office space and ground-floor retail, located at the intersection of Water Street and Channelside Drive. Along with its 172 rooms, Edition will have 37 luxury residences starting at $2 million apiece. At the basic level, it means weve finished building the critical density that we set out to do, which is a wide range of mix of uses supported by vibrant ground-floor retail space, Cooke said. By: Oscar Nunez 7:30 am on April 21, 2021. Planning work for this section has already begun, with developers preparing road network proposals for the city. A rendering of Water Street, a new $3 billion development in Tampa, once it's complete. Then there are Water Streets office tenants. The project is among the first of many revitalization projects for the Channelside District. Heron will have 3 Corners and the Pearl, and Asher will have Wagamama, all sometime this year. In addition, the Tampa Bay Tech organization was organized more than 21 years ago to connect the technology community in Tampa. 1000 Water St #1102, Tampa, FL is a condo home that contains 3,014 sq ft and was built in 2022. Company lowers stock price, Hillsborough OKs end to Bearss Groves zoning dispute, Tampas Masonite to acquire North Carolina door parts maker for $375M, 13-story boutique hotel proposed for St. Peterburgs Edge District, Are NFTs the future of real estate? Exceptional cuisine awaits you. . A Strategic Property Partners Project Copyright 2022, About Water Street Tampa Getting Here Legal Privacy Statement Careers. 1000 WATER STREET #2402, Tampa, FL 33602 is a Condo, Townhouse, Residential property listed for $1,950,000 The property is 1824 sq. Our retail is almost completely committed at this point, Schaffler said. Full of wonder. It contains 3 bedrooms and 4 bathrooms. Theyre deep into the planning stages, Schaffler said, with hopes of unveiling a clearer vision in 2022. Almost like a mini Austin, it's growing crazy whyll no one notices 1 level 1 Brikandbones The plant sat on about 3 acres worth of parcels off S Nebraska Avenue for which Strategic Property Partners paid $13.4 million in 2018, and was considered a key block for Water Streets northward expansion. Well break down the latest business and consumer news and insights you need to know every Wednesday. Strategic Property Partners is wrapping work on the developments main thoroughfare, Water Street, and its adjacent 45-foot sidewalk dubbed the Verge, a walkway lined by trees, gardens, retail and public art. Water Street Tampas Phase 1 is almost done. With Water Street Tampa's Phase One completing soon, the new additions will only elevate the already diverse array of retail offerings available throughout the 56-acre development. Asher, too, will have a mix of apartments and hotel rooms, with Roost Tampa, a boutique, 97-room extended-stay hotel on site. Lunch Lady, a sandwich shop by Chef Alvarez, coming to Sparkman Wharf, Private equity firm Weatherford Capital signs lease at Water Street Tampa, From whimsical Plant City HQ, Wish Farms toasts 100 years of strawberries, Publix profit falls 54% even with higher sales. Lloyd Sowers reports TAMPA, Fla. - An old flour mill built in 1938 in downtown Tampa will be demolished, and a new phase of the Water Street development will soon replace it. Building a Connected City with WhiteSpace. In the residential towers, Wine on Water, Small Giant Bar & Restaurant and Chill Bros. Scoop Shop have been announced for the first half of the year at Cora. "The scale of the project is unparalleled," Schaffler says. Story: https://w. For the people that visit, I think were starting to see it already, which is exciting, to prove that this really will be a vibrant urban experience that hasnt really been seen before in Tampa.. It was about 20 acres downtown at the time; the next year, it was up to 40 and a cost of more than $1 billion. The boutique hotel offers 217-rooms, a new restaurant called MaryGolds, which will open later in November, a cocktail lounge called Higher Ground, and a rooftop pool deck that offers 360-degree views of Miami. Water Street is connected to the downtown financial district and Channel District via the TECO Line Streetcar and the Tampa Riverwalk . Schaffler said Strategic Property Partners is in advanced discussions, some of them are signed leases, with other retailers and restaurants, most of which have not yet been announced. Rendering by/courtesy of Strategic Property Partners At least 30 are expected to arrive this year, but few firm dates have been nailed down. With the completion of several phase one projects, the area will add 519 hotel rooms and four new. Exclusive: First look at The Tampa Edition's bar and restaurant offerings. Certainly, the . ft; Price Per Sq . Were not solely a destination retail center where its like youre driving there because you need to buy a sweater, he said. Between Roost, Edition and the JW Marriott Tampa Water Street, the district will have added nearly 800 rooms to downtown Tampas hotel inventory since late 2020. Pilates studio Bodyrok and wellness spa and treatment center the Covery are also coming to Sparkman Wharf this year. Other highlights include co-working spaces, party rooms, a fitness center and 32,000 square feet of ground-floor retail. Those deals that have been done, and the ones that are in the process of doing right now, theyll all open over the course of various timeframes over the course of the next year.. Along with those apartments and condos will likely come businesses meant to bolster Water Streets city within a city experience stores tailored to people who live within a 15-minute walk or bike ride, Schaffler said. Nine years later, the footprint for the development encompasses more than 70 acres, with some 9 million square feet of space under development at a cost of $3.5 billion. Phase One will be complete by 2022. This site no longer supports your current browser. We think its important to have in our second phase.. CIO.com reports the average tech salary in Tampa was $97,098 per year in 2021 -- a 10.6 percent increase from 2020. 3527 feet of new water pipe to be installed 11229 The Water Street neighborhood is located in-between the Channel District to the north-east and Downtown Tampa, Florida to the west. Letsgetstarted. Phase 1 of the Water Street Tampa district is nearing completion. For the people that visit, I think were starting to see it already, which is exciting, to prove that this really will be a vibrant urban experience that hasnt really been seen before in Tampa.. We are a city. Lots of shops and restaurants new to Tampa Bay, Dessert shop, 'oyster room' among restaurants set for Water Street Tampa, Coming to Water Street Tampa: A free art installation featuring a grocery store made of felt, Theres a cat food shortage, and Tampa Bay felines are not happy about it. Only a few big pieces of what developers consider to be Water Streets first phase have yet to open, and those are nearing completion. 08.30.2022. Investment firm Northern Trust moving Tampa office to Water Street tower. But by April, with residents in all three towers, guests in three hotels and at least some office workers, the district and Phase 1 will feel essentially complete. Phase 2 will begin immediately after the completion of Phase 1. I cant tell you how thrilling it is to have all the buildings opening now after almost 10 years of planning, Vinik said. Back in 2013, Jeff Vinik said his Water Street Tampa project would develop in phases. We are very much in our spring training, said Lee Schaffler, chief portfolio officer with lead Water Street developers Strategic Property Partners, a partnership between Vinik and Bill Gates Cascade Investment. The end of the first phase of development represents a culmination of the master plans that have been laid before the city and public thus far. The 490-unit apartment complex at 1050 Water Street will begin pre-leasing in January, with move-ins planned for March. Up to one month free on select residences. Introducing Water Street Tampa, the city's new downtown. Designed by Morris Adjmi Architects with ODP Architecture & Design as the architect of record, and developed by Strategic Property Partners . Five years ago, Strategic Property Partners projected Water Street would be fully built out by 2027. As recently as August, Strategic Property Partners said Phase 1 would wrap later this year. But before it can be considered complete, at least two projects have to open. Whereas Phase 1 delivered a number of buildings within a two-year span, future phases will feature fewer buildings at a time, Schaffler said. Heres whats next for Water Street Tampa. Water Street Tampa is happening, lease by lease and grand opening by grand opening. We are very close to opening day here.. In all, 34,700 square feet has been leased. Copyright 2022 Nichols. Tampa Bay Lightning Owner Jeff Vinik and his Strategic Property Partners (SPP) paid $13 million for it, and demolition could come as early as this Summer. In 2019 LightAct was approached by DCBolt Productions to provide a media server platform for a projection on a 3D model of the city of Tampa, FL. Only a few big pieces of what developers consider to be Water Streets first phase have yet to open, and those are nearing completion. Water Street is a $3 billion, 50-acre mixed-use waterfront district covering 16 city blocks on Hillsborough Bay. "Every new retailer that has signed a lease at Water Street Tampa has helped us to create a more well rounded neighborhood that we know residents, office workers . A group of Tampa investors that includes Liberty Group CEO. We think theres more demand for some of the thing were doing, Vinik said, and we can continue to hopefully create a great place for all of Tampa Bay to enjoy.. [ Strategic Property Partners ]. Back in 2014 the vision for Water Street Tampa was 40 acres with a cost of just over $1 billion, now years later phase one has reached of 70 acres of development with over 9 million square feet of space being under development with an overall cost of $3.5 . Thousand and One is expected to be completed later . 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