Strategic Property Partners Unveils Next Phase of $3 Billion Water Street Tampa Development

by Hayden Spiess

Tampa, Fla. — Strategic Property Partners LLC has unveiled the next phase of Water Street Tampa, the company’s $3 billion mixed-use neighborhood underway in downtown Tampa. The next phase will comprise three separate buildings with residential, office and hospitality/entertainment space.  

The third building will feature a select-service hotel, parking garage and entertainment uses, including food-and-beverage options and a live music venue. The office complex will also feature ground-floor retail space. 

The road and utility infrastructure work for these additions is currently underway and expected to be complete in spring 2025. Last year, Jeff Vinik, owner of the Tampa Bay Lightning, sold his stake in Strategic Property Partners to his co-developer, Cascade Investment Fund LLC, which is backed by Bill Gates.

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