Suffolk Construction & DuCon Construction
Project Scope: $3 Billion
Water Street Tampa is a 56-acre mixed use redevelopment project designed to revitalize the city's Channelside District. At full build-out, Water Street Tampa will encompass two million square feet of office space, 3,500 residential units, 1,593 hotel rooms and one million square feet of retail/entertainment space. Phase 1 is on track for completion at the end of this year and Strategic Property Partners expects to begin construction on Phase Two in 2022.
The newest building, 1050 Water Street, is also the largest residential development in the neighborhood. It is 22 stories tall, spans 495,000 square feet and will feature 490 rental residences.
Each home at 1050 Water Street is complemented by amenity spaces designed to foster community among residents and create a new residential lifestyle centered around shared social experiences. Embracing Tampa's natural environment, 1050 Water Street is home to Water Street Tampa's largest pool deck, a rooftop space with cabanas, outdoor kitchens, an indoor-outdoor bar and an entertainment lawn.
The rooftop terrace will provide resort-style amenities in the center of the city. Inside, an expansive amenity suite includes a state-of-the-art fitness facility, private party rooms, a screening lounge and a co-working space with private conference rooms.
Residents at 1050 Water Street will also enjoy 24-hour concierge service, a residential lobby accessed via a private drive and 32,000 square feet of ground-floor retail space.
Construction on 1050 Water Street is being handled by Suffolk Construction.
"Suffolk is thrilled to reach this important milestone alongside our trade partners who have truly gone above and beyond," said Suffolk's General Manager Josh Christensen. "The topping off marks a significant step for the team, and we are now focused on finishing the building's unique façade and interior work. Throughout the process, our partnership with SPP has been tremendous, and we look forward to continued collaboration as we move closer to project completion."
First move-ins at 1050 Water Street will begin in early 2022.
Built around wellness, connectivity, walkability and sustainability, the $3 billion Water Street Tampa project is focused on creating a balanced urban experience featuring waterfront views, publicly accessible green space and dining, shopping, cultural attractions, entertainment venues, residences and offices in the heart of Tampa.