$3B downtown development project moves forward, gets name: Water Street Tampa

July 12, 2017

The first phase of Water Street Tampa – the $3 billion Strategic Property Partners (SPP) and Cascade Investment-backed redevelopment project in downtown Tampa – will begin concurrent vertical construction on 18 buildings in early 2018. Phase one will comprise 4 million square feet spanning 10 city blocks and is scheduled for completion by the end of 2020.

SPP has hired seven general contractors for the project, which will employ up to 2,000 workers on site per day, depending on the stage of construction.

Once the full buildout is completed in 2027, Water Street will represent more than 9 million square feet of new development on 50 contiguous acres in Tampa’s urban core. The project will feature 3500 new residential units, more than 800 hotel rooms, and the University of South Florida’s Morsani College of Medicine.

Read more about the latest plans for Water Street Tampa here.