Strategic Property Partners, LLC Details Plans for New Trophy Office Towers in Water Street Tampa
September 6, 2018
New office buildings support the region’s strong economic and job growth
TAMPA, FL (September 6, 2018) – Strategic Property Partners, LLC (“SPP”) unveiled plans for a pair of new trophy office towers within Water Street Tampa, introducing an array of work spaces, totaling approximately one million square feet, for companies looking to expand in and move to downtown Tampa, one of the country’s fastest-growing cities.
The buildings are part of the first in a series of phases of construction at Water Street Tampa, and the first new ground-up trophy office buildings constructed in downtown Tampa in nearly 25 years. Tampa is one of the fastest growing cities in the country and with rising wages, it is also one of the top large cities for job growth the country.
“Water Street Tampa’s office tenants will have premier space, with access to the city’s best hotels, an abundance of food and beverage options, expansive green spaces, and cultural and entertainment venues all situated along downtown Tampa’s beautiful waterfront,” said James Nozar, CEO of SPP. “We’re proud to introduce new office offerings that are created to suit a wide range of needs for companies of all sizes and support the region’s strong economic growth.”
As with all facets of Water Street Tampa, SPP has assembled a team of world-class architects and designers to craft and create cutting-edge and highly-amenitized office towers. The buildings are also sustainably-designed and will be WELL and LEED certified, a first for the region and a benefit for potential tenants. Surrounded by over 13 acres of lushly-landscaped open spaces, the buildings will be part of the larger Water Street Tampa neighborhood, the first WELL-certified community in the world, a standard that has been developed in partnership with the International Well Building Institute.
“For employers who want to be within a dynamic, urban neighborhood with housing, amenities and conveniences for their employees, Water Street Tampa will be the address to have,” said David Bevirt, Executive Vice President of Corporate Leasing and Strategy for SPP. “With Tampa’s population growing daily and sustained job creation happening within the community, we saw a tremendous opportunity to build new and efficient office space within the initial phase of the Water Street Tampa neighborhood.”
1001 Water Street will be a 20-story mixed-use building with approximately 380,000 square feet of office space, designed by COOKFOX Architects.
Located at the northeast intersection of Water Street and Channelside Drive, 1001 Water Street is located adjacent to the University of South Florida’s Morsani College of Medicine, and a verdant plaza links the buildings. Designed by Nelson Byrd Woltz Landscape Architects, the plaza embraces its location within the Florida ecosystem and reveals important aspects of the region’s unique ecology while simultaneously structuring and harmonizing the public space between the adjacent buildings.
True to COOKFOX Architects’ signature biophilic design—which incorporates natural materials, natural light, vegetation, nature views, and other experiences of the natural world into the modern built environment—1001 Water Street is being designed to connect people with nature. Biophilic design has been shown to reduce stress, enhance creativity and clarity of thought, improve well-being, and expedite healing. Nine double-height exterior terraces will adorn the building’s façade, making space for people to get outside during the work day and interact with nature, while expansive floor-to-ceiling windows flood the offices with abundant natural light, bringing in a bit of the outdoors even when people are inside. The building will also have an expansive rooftop terrace with event space for the tenants.
With features including conference space to host large meetings and learning opportunities, flex rooms where the community can connect and host small gatherings, a private mother’s room for nursing mothers, as well as a demonstration kitchen to provide nutritional information and cooking classes, 1001 Water Street will also be home to the Water Street Tampa wellness community center, an amenity for tenants and for the neighborhood at large.
400 Channelside is conceived as a gateway and catalyst for urban engagement. Designed by the global architecture, design and consulting firm Gensler, the 500,000 square foot, 19-story tower embodies key tenants of wellness, creating an everyday experience that heightens mental and physical wellness, fluidly integrating access to the outdoors in the user’s daily activity.
Accessible by two lobbies, the most notable design element of 400 Channelside will be a beautifully landscaped 30,000 square foot sky garden that connects the building’s inhabitants to the outdoors. Perched on the fourth floor, the area offers diverse spaces for outdoor meetings, informal gatherings, events, fitness activities, interaction among tenants, or a respite area to rejuvenate. It will also be connected to other amenities including a conference center and a catering kitchen, and features an event terrace overlooking Amalie Arena’s Thunder Plaza below.
The announcement of 1001 Water Street and 400 Channelside Drive comes after the announcement of new office space at Sparkman Wharf, which will instill a new sense of vitality by bringing 180,000 SF of industrial, high-ceilinged, loft-inspired creative office space that does not currently exist in Tampa.
Global commercial real estate services firm JLL will exclusively handle the leasing efforts for 400 Channelside Drive and 1001 Water Street.
“We’re excited to be part of this transformational project that is changing Tampa,” said Jim Moler, Senior Vice President of JLL. “Local companies are thriving and expanding, and other larger corporations continue to move to Tampa for its relatively low cost of living and high quality of life. Many employers want to be located within a dynamic, walkable, urban neighborhood with amenities for their employees, and Water Street Tampa will soon offer a holistic experience all in one place, here in downtown Tampa.”
Additional commercial office space is planned as part of future phases of Water Street Tampa, including a commercial campus designed by Pickard Chilton, a New-Haven based architectural studio specializing in office design.
Once complete, 23,000 people will live, work, visit, and explore Water Street Tampa every day. Water Street Tampa, one of the largest active downtown real estate developments in the United States, is a multi-phased mixed-use community that will include more than nine million square feet of commercial, residential, hospitality, educational, entertainment, cultural and retail space, with the first new buildings having already broken ground.
To learn more about available office space within the Water Street Tampa neighborhood, please visit office.waterstreettampa.com.
About Strategic Property Partners
Strategic Property Partners (“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. SPP’s first project, Water Street Tampa, is being developed on over 50 acres of land the company controls in downtown Tampa along the waterfront. The phased Water Street Tampa development project is revitalizing the currently underutilized tract of land to create an urban, mixed-use waterfront district consisting of approximately 9 million square feet of new commercial, residential, hospitality, cultural, entertainment, education, and retail uses, totaling over $3 billion in private investment from SPP. Integrating principles of walkability, sustainability, connectivity, design quality, and wellness, SPP will create, own and operate this new world-class neighborhood in in Tampa, while also elevating the city’s national prominence. For more information on Water Street Tampa, visit www.waterstreettampa.com.
Gensler is a global architecture, design, and planning firm with 46 locations and more than 5,000 professionals networked across Asia, Europe, Australia, the Middle East, and the Americas. Founded in 1965, the firm serves more than 3,500 active clients in virtually every industry. Gensler designers strive to make the places people live, work, and play more inspiring, more resilient, and more impactful.
COOKFOX Architects, DPC is a New York City based architectural and interior design studio founded in 2003. COOKFOX has built a studio focused on high-performance, environmentally responsive design and are most well-known for innovative design at the highest standards of environmental performance. COOKFOX focuses on biophilic design to create architecture that supports physical health and mental wellness. With a portfolio of diverse residential, workplace, and education projects, COOKFOX seeks to understand each project in its unique environmental, cultural, and historical context, to pursue architecture that restores, regenerates, and elevates our collective experience of the urban environment.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 86,000 as of June 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.