The developer behind the $3.5 billion Water Street Tampa is expanding the neighborhood with a mixed-use development that will complement the city’s NHL arena.
Strategic Property Partners is planning three projects spanning 2 million square feet: a condo high-rise and a built-to-suit office tower, plus an entertainment district surrounding the Amalie Arena, home to the Tampa Bay Lightning, which will include a performance venue, a limited-service hotel, a parking garage and a “vibrant green space.”
The firm, led by CEO Josh Taube, is a venture of Cascade Investment, a fund controlled by Microsoft founder Bill Gates.
The office and residential towers will rise on an extension of Water Street that is under construction, north of the 900 and 1000 blocks of East Cumberland Avenue. The mixed-use entertainment district will be just north of Amalie Arena, between South Morgan and South Jefferson streets.
The condo tower, designed by Gensler Architects with Nichols Architects acting as architect of record, will be the tallest building in Water Street, at just over 400 feet.
The office tower is described in a news release as “a build-to-suit trophy office complex with ground floor retail and green space with a focus on a pedestrian-friendly experience.”
Kohn Pedersen Fox completed a preliminary design concept, which will be marketed for corporate relocations.The 20-story Thousand & One office building, which Strategic Property Partners opened a few years ago, is 90 percent leased, according to the news release.
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