Sunday, November 19, 2017
Business

Port Tampa Bay approves demolition of part of Channelside Bay Plaza

RECOMMENDED READING


TAMPA — Port Tampa Bay's board of directors unanimously approved a plan to demolish part of Channelside Bay Plaza to make room for new restaurants, retailers and waterfront views.

Port officials voted in favor of amending Strategic Property Partners' ground lease on the 230,532-square-foot retail plaza adjacent to the port at a meeting Tuesday morning.

This amendment allows SPP — the real estate firm owned by Tampa Bay Lightning owner Jeff Vinik and Bill Gates' Cascade Investment — to demolish the southwest portion of the retail center to create better views of the waterfront and enhance the visibility of Bay Plaza.

The demolition of the building that houses the Hablo Taco and Thai Thani restaurants will begin this summer, said Bryan Moll, an executive with SPP who led a presentation at the port meeting. SPP is working with Hablo Taco and Thai Thani owners about relocating the restaurants to another wing of Channelside, though their long-term future there is uncertain. Restaurant owners did not return calls for comment Tuesday.

SPP wants to replace the building with a waterfront park, which will have a stage for music and outdoor film screenings. In addition, SPP wants to lease out temporary, pop up "kiosks" to local chefs and retailers to create an outdoor market-like setting. A communal dining space and pedestrian trails are also part of the plan.

"Our plan is to create a vibrant yet functional waterfront," Moll said at the meeting. "The idea is to be open as soon as possible to coincide with the Lightning and event season. This is an interim step to improve the area before our longterm vision gets underway, which will allow for complete redevelopment."

The kiosks will be available on short term leases of one-to-two years, Moll said, but those owners will have the option to move to more permanent retail and restaurant space once long-term renovations for the Channelside Bay Plaza area are completed.

In September, SPP CEO James Nozar revealed long-term renovation plans for Channelside Bay Plaza to the Port Tampa Bay's board of directors. The multi-million-dollar plans, which include new waterfront condos, restaurants and a park, would demolish the entire existing Bay Plaza structure. The project has not yet been approved by port commissioners.

The port owns the land on which Channelside Bay Plaza sits and will need to approve any renovation. The demolition is part of SPP's $3 billion plan to reinvent the 53-acre area around Amalie Arena.

Previous Coverage: Channelside Bay Plaza could be demolished to make way for a new park, restaurants and condos

Port officials said that CBP Development LLC, an entity owned and operated by SPP, has been negotiating "in good faith" with the port to sign a long-term lease agreement for the future of Channelside Bay Plaza and an adjoining surface parking lot. The current ground lease restricts SPP's ability to add new uses to the retail center, which is why this amendment is being considered before the approval of SPP's long-term renovation plans for the plaza.

When the board of directors approved the amendment, it extended SPP's lease of the facility by 18 months.

"This comes at a really good time," said Hillsborough County Commissioner, Sandra Murman. "I don't think we make enough good use of our waterfront. I'm looking forward to seeing what happens over the next 18 months."

In addition to the demolition this summer, Moll said SPP is working to renovate other wings of Channelside Bay Plaza to add more office space. He said the former movie theater space is prime for office redevelopment. SPP is trying to attract more short-term office tenants, like Tampa Bay Wave and Suffolk Construction, which opened offices there earlier this year. Similar to the pop up retail and restaurants, these leases would be available in the short term only, before long-term renovation plans begin.

Contact Justine Griffin at [email protected] or (727) 893-8467. Follow @SunBizGriffin.

   
Comments

Stolen car crashes in St. Pete, leaving passenger, 15, with life threatening injuries

Two boys in a stolen car struck a dip in the roadway and crashed into a tree, leaving the 15-year-old passenger with life-threatening injuries, St. Petersburg police said.The crash occurred about 11:25 a.m. Sunday as the car sped west on 11th Avenue ...
Updated: 1 hour ago

Search suspended for missing Cortez boater who left from Egmont Key

The U.S. Coast Guard suspended its search for a missing 63-year-old boater on Sunday evening, two days after he and his dog were reported missing 5 miles northwest of Mead Point, just inland from Anna Maria Island.On Friday, Fraser Horne of Cortez le...
Updated: 11 hours ago
Parents, children welcome downsized MOSI in Tampa

Parents, children welcome downsized MOSI in Tampa

TAMPA — Avery, 6, slid his sneakers up the side of 200-pound rubber tire from the space shuttle Columbia and sat on top.His father, Ilder Jeannot, called for him to get off of it — usually climbing on museum displays is frowned upon. But in the new M...
Published: 11/18/17
Updated: 11/19/17
Sunday Conversation: Tona Bell invites customers to enjoy a ‘digital detox’

Sunday Conversation: Tona Bell invites customers to enjoy a ‘digital detox’

Like so many small businesses, Saturday will represent a special day for Paper Seahorse owner Tona Bell. Bell’s cozy bungalow business at 211 S Howard features paper and stationery, specialty pens, vintage typewriters and crafts classes. It will offe...
Published: 11/17/17
Updated: 11/19/17
Florida jobs recover from Irma, unemployment rate drops

Florida jobs recover from Irma, unemployment rate drops

As economists predicted, the tough hit that Florida jobs took from Hurricane Irma was not long-lived. The state added 125,300 jobs in October, almost breaking even from the 127,400 jobs it lost in September. According to state figures released Friday...
Published: 11/17/17
Apple will postpone release of  HomePod

Apple will postpone release of HomePod

The Washington PostApple said Friday that it’s pushing back its plans for a Siri-powered smart speaker until sometime early next year.The HomePod speaker was announced in June, with an initial launch date set for December. Apple said that its smart s...
Published: 11/17/17
HSN, Good Housekeeping pick five contest finalists

HSN, Good Housekeeping pick five contest finalists

ST. PETERSBURG — Good Housekeeping and St. Petersburg-based HSN have chosen five finalists for their entrepreneur competition. The partners are searching for a novel item to promote as endorsed by the Good Housekeeping Seal, denoting reliability and ...
Published: 11/17/17
Trigaux: State of Tampa Bay startups? Disconnected we falter but there’s a plan to fix that

Trigaux: State of Tampa Bay startups? Disconnected we falter but there’s a plan to fix that

How are we doing?That was the Big Question posed more than once this past week in Tampa Bay. First, the Tampa Bay Partnership and USF debuted in-depth and new ways to measure Tampa Bay across a wide range of indicators to gauge whether we are gaining...
Published: 11/17/17
Tesla’s latest creation: An electric big rig that can travel 500 miles on a single charge

Tesla’s latest creation: An electric big rig that can travel 500 miles on a single charge

The main course was expected: a pair of sleek silver Tesla semi-trucks that get 500 miles per charge, go from zero to 60 mph in five seconds and — if the hype is to be believed — promise to single-handedly transform the commercial trucking industry.B...
Published: 11/17/17
We ask Tampa Bay startup leaders how best to advance entrepreneurial ecosystem

We ask Tampa Bay startup leaders how best to advance entrepreneurial ecosystem

What one thing could be added to the Tampa Bay startup community to help it grow and prosper?The Tampa Bay Times reached out to these leading area entrepreneurs and startup experts for answers.RELATED COVERAGE: Trigaux: State of Tampa Bay startups? D...
Published: 11/17/17