In all, 34,700 square feet has been leased. 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.. Exterior work is continuing to progress on 1050 Water Street, a 22-story mixed-use building within the 56-acre, $3.5 billion Water Street Tampa mega-development. The street is expected to open to pedestrian, bike and car traffic later this month. This field is for validation purposes and should be left unchanged. 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 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. The two towers will rise to 26 and 21 stories respectively, with 420 residences offering a view of the Tampa skyline. The pandemic and other factors delayed several of Water Streets phased openings. Developers have offered few details on whats coming after Phase 1. Heres whats next for Water Street Tampa. This site no longer supports your current browser. 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 . Were still in Phase 1, but we wont be for much longer. A Strategic Property Partners Project Copyright 2022, About Water Street Tampa Getting Here Legal Privacy Statement Careers. 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. 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. 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.. 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. Were not solely a destination retail center where its like youre driving there because you need to buy a sweater, he said. 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. CIO.com reports the average tech salary in Tampa was $97,098 per year in 2021 -- a 10.6 percent increase from 2020. 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. A rendering of Water Street, a new $3 billion development in Tampa, once it's complete. We are very close to opening day here.. During Phase 2, Water Street west of S Morgan Street and the intersection of Water Street and S Morgan Street will reopen to traffic. One, he said, is a shop in the lobby of Asher that will be something really unique, something that just doesnt exist in a large scale in this market. Another is a national retailer that will occupy the Asher space soon to host a temporary felt art exhibition by British artist Lucy Sparrow. Want more of our free, weekly newslettersinyourinbox? 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. Letsgetstarted. The announcements about Water Street Tampa's developments continue to excite Tampa residents and visitors. There are a few more public spaces and art projects left to add and touch up, Cooke said. National and international marketing efforts are underway for 1001 Water Street, and JLL Inc. has been engaged on both the leasing and property management efforts for the tower. TAMPA, Fla. On Thursday, the Tampa City Council is holding the second public hearing on a development agreement for the next phase of Water Street Tampa, near downtown. 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. 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. We are a city. The project is among the first of many revitalization projects for the Channelside District. Youll be able to get a really good sense of what that feels like.. 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. Sparkman Wharf was looking at a few late 2021 and early 2022 restaurant openings, including BurgerFi, Shortwave Coffee and Noble Rice. It contains 3 bedrooms and 4 bathrooms. Why is it harder to get a restaurant reservation in Tampa Bay right now? And wonderful. We are master planning and going through the merchandising mix and how we want to design it, and what the use types are. Only a few big pieces of what developers consider to be Water Streets first phase have yet to open, and those are nearing 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. The joint venture between Cascade Investment and Tampa Bay Lightning owner Jeff Vinik, the district boats 9 million square feet of new development. I cant tell you how thrilling it is to have all the buildings opening now after almost 10 years of planning, Vinik 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.. 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. 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. . These will arise in lots surrounding Phase 1, especially north of Cumberland Avenue. Were not solely a destination retail center where its like youre driving there because you need to buy a sweater, he said. Arguably Tampa's most ambitious current project at $3.5 billion, Water Street Tampa is a walkable, urban community with 10 projects totaling 9 million square feet on 56 acres in the downtown waterfront area surrounding Amalie Arena. We have residents who live here 24 hours a day, 365 days a year.. 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. The Heron, located at 815 Water Street, will bring energy to an already vibrant neighborhood. 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. Were actively planning and working on it as we speak, Schaffler said. Investment firm Northern Trust moving Tampa office to Water Street tower. A new home dcor and furniture pop-up showroom is now open on Water Street. Strategic Property Partners is building the future of southern downtown Tampa at Water Street: a connected, urban, multi-use project on the waterfront. Were actively planning and working on it as we speak, Schaffler said. 3527 feet of new water pipe to be installed 11229 Once all phases of the development are completed, there will be up to 9,000,000 square feet of new commercial, residential, educational, entertainment . With the completion of several phase one projects, the area will add 519 hotel rooms and four new. Each tower will have outdoor pools, fitness centers, bar lounges, and club rooms for residents on the rooftop. Full of wonder. 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. 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? 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. Experience vibrant and diverse art that celebrates our city. Phase one of Jeff Vinik's vision of Water Street Tampa is coming to it's completion point. 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. 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. Water Street Tampa is happening, lease by lease and grand opening by grand opening. 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 . 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. Phase 2 of Water Street Tampa is also expected to begin early next year. Whats there now represents only about half of what Strategic Property Partners hopes to develop into Water Street Tampa by 2027. Space at Sparkman Wharf and Thousand & One is almost fully committed, Schaffler said, with at least five companies already working out of those buildings. In addition, the Tampa Bay Tech organization was organized more than 21 years ago to connect the technology community in Tampa. The 490-unit apartment complex at 1050 Water Street will begin pre-leasing in January, with move-ins planned for March. This site no longer supports your current browser. Then there are Water Streets office tenants. I dont want to speculate on a date where we could make some grand announcement. Our retail is almost completely committed at this point, Schaffler said. 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. Whereas Phase 1 delivered a number of buildings within a two-year span, future phases will feature fewer buildings at a time, Schaffler said. 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 first is Asher, Water Streets third and largest residential tower. Youll be able to get a really good sense of what that feels like.. 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 Publix profit falls 54% even with higher sales. Phase 1 construction on Water Street is scheduled to be completed by 4 pm on Friday, August 13, 2021, weather permitting. 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. This Tampa Bay expert is betting yes, How attacker evaded cameras, security, police to get inside Nancy Pelosis home, Tampa airport celebrates launch of new London flight, 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? Boutique Hospitality Has A New Luxury Player Everyone Should Know. Along with its 172 rooms, Edition will have 37 luxury residences starting at $2 million apiece. "Transformative" seems too mild an adjective for Water Street Tampa, a $3.5-billion revitalization program currently underway along the city's waterfront. Theyre deep into the planning stages, Schaffler said, with hopes of unveiling a clearer vision in 2022. Water Street is connected to the downtown financial district and Channel District via the TECO Line Streetcar and the Tampa Riverwalk . The Water Street neighborhood is located in-between the Channel District to the north-east and Downtown Tampa, Florida to the west. One element thats all but certain is more residences.
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