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Downtown Tampa Prepares for First Speculative-Build Office Tower in 25 Years

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Image credit: Cookfox Architects Locally based developer Strategic Property Partners plans to begin construction on 1001 Water Street, a 20-story office tower in downtown Tampa, Florida. Part of the $ 3 billion Water Street Tampa renovation project, 1001 Water Street would be the first office tower built in Tampa’s central business district in more than 25 years. Perhaps even more notable, this tower would be built on a speculative basis, providing…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

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General Tampa Area

Today, Tampa is part of the metropolitan area most commonly referred to as the Tampa Bay Area. For U.S. Census purposes, Tampa is part of the Tampa-St. Petersburg-Clearwater, Florida Metropolitan Statistical Area. The four-county area is composed of roughly 2.9 million residents, making it the second largest metropolitan statistical area (MSA) in the state, and the fourth largest in the Southeastern United States, behind Miami, Washington, D.C. and Atlanta.[14] The Greater Tampa Bay area has over 4 million residents and generally includes the Tampa and Sarasota metro areas.

Tampa Areas

The city is divided into many neighborhoods, many of which were towns and unincorporated communities annexed by the growing city. Generally, the city is divided into the following areas: Downtown Tampa, New Tampa, West Tampa, East Tampa, North Tampa, and South Tampa. Well-known neighborhoods include Ybor City, Forest Hills, Ballast Point, Sulphur Springs, Seminole Heights, Tampa Heights, Palma Ceia, Hyde Park, Davis Islands, Tampa Palms, College Hill, and non-residential areas of Gary and the Westshore Business District.

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