Thursday, September 20, 2018
Real Estate

Water Street Tampa plans hotel-branded condos above luxury Marriott Edition

TAMPA — The $3 billion Water Street Tampa said Thursday it will develop the city’s first hotel-branded condominiums with The Residences at the Tampa Edition.

The 46 condominiums will occupy the top 15 floors of a 26-story tower with a 173-room Marriott Edition luxury hotel at its base.

Construction on the Edition hotel and condominiums, located at the northwest corner of Channelside Drive and Water Street, across the street from Amalie Arena, is expected to begin in early 2019 with sales launching in early 2020 and an opening in the spring of 2021.

Like the Edition hotel, the condos are being created through a partnership between Marriott International and hotelier Ian Schrager, known for his extravagant and bohemian makeover of New York City’s Grammercy Park Hotel.

Along with similar residences in Miami Beach and West Hollywood in Los Angeles, the Tampa project will be the third such set of Edition-branded residences in the United States. An SPP spokeswoman declined to discuss potential sales prices, but in Miami Beach — granted, a pricier market — Edition condos for sale Thursday started at $1.65 million and went up to $8.9 million for a 5,200-square-foot unit.

In Tampa, each condo will include a private terrace with views of the Tampa skyline and Hillsborough Bay. Owners will have access to the hotel’s rooftop pool, spa and fitness center, as well as its rooftop bar and ground-floor restaurants.

The project is being designed by New York architect Morris Adjmi in collaboration with the Florida firm Nichols Brosch Wurst Wolfe & Associates, with Roman & Williams doing the interiors. The sales agent will be Smith & Associates of Tampa.

The design, the partnership with Marriott, the location and the amenities should make for "a condominium offering unmatched in the Tampa Bay region," said James Nozar, chief executive officer of Strategic Property Partners (SPP), the development company launched by Tampa Bay Lightning owner Jeff Vinik and Cascade Investment, the capital fund owned by Microsoft billionaire Bill Gates.

A 50-ACRE VISION: Water Street Tampa unveils video showing downtown’s transformation (with video)

SPP plans to start construction of 10 buildings at Water Street Tampa over the next year. They include three office projects, apartment buildings and condominium towers encompassing 1,500 residences, a grocery store a block away from the Edition, a gym, and about 50 stores and restaurants. That’s about 3.5 million square feet of development in the first phase of the project, which is expected to be complete in late 2021.

In addition, Channelside Bay Plaza is being re-worked as a mixed-use project, Sparkman Wharf, with offices, a 1-acre lawn and a 9-restaurant outdoor food hall.

Water Street also will include a new University of South Florida medical school building, which is already under construction, and a new home for the Museum of Science and Industry.

MORE: Go here for more Business News

Contact >Richard Danielson> at [email protected] or (813) 226-3403. Follow @Danielson_Times

Comments
Former Tampa Bay exec and Chico’s CEO Shelley Broader discusses changing retail in St. Pete visit

Former Tampa Bay exec and Chico’s CEO Shelley Broader discusses changing retail in St. Pete visit

ST. PETERSBURG — When Shelley Broader worked in Tampa Bay, she was turning around a failing grocery store.It was the early 2000s. Amazon wasn’t a powerhouse yet, people were still on Myspace and no one was ordering groceries online. On Thursday, she ...
Updated: 9 hours ago
Homes sales jump in Pinellas and Hillsborough in August after months of declines

Homes sales jump in Pinellas and Hillsborough in August after months of declines

Home sales in August hit their highest levels in a year in Pinellas and Hillsborough counties as prices throughout the Tampa Bay area continued to rise. In Pinellas, sales of single-family homes jumped nearly 7 percent from the same month a year ago....
Published: 09/20/18
Valet parking? A concierge? Midtown Tampa outlines plans for an amenity-rich office building

Valet parking? A concierge? Midtown Tampa outlines plans for an amenity-rich office building

TAMPA — A sudden boomlet in premium office space is getting boomier as developers detail their plans for the first of three office buildings planned at Midtown Tampa, a $500 million mixed-use development near Interstate 275 and N Dale Mabry Highway.M...
Published: 09/19/18
Home refinancings up dramatically in the Tampa Bay area

Home refinancings up dramatically in the Tampa Bay area

Counter to the national trend, refinancings in the Tampa Bay area increased in the second quarter of this year. According to ATTOM Data Solutions, lenders originated 41 percent more refinancing loans in April, May and June than they did in the same p...
Published: 09/19/18
‘Something fishy’ about sale of a golf-course villa in Seminole

‘Something fishy’ about sale of a golf-course villa in Seminole

SEMINOLE — There were so many unusual aspects to the sale of a certain Seminole villa that it’s hard to know where to begin. Is it with the fact the villa sold for $100,000 despite a cash offer of $128,700? Is it that the buyer was a Realtor in the s...
Published: 09/19/18
‘Imminent’ bankruptcy filing for law firm of suspended St . Pete lawyer Mark Stopa

‘Imminent’ bankruptcy filing for law firm of suspended St . Pete lawyer Mark Stopa

The law firm of suspended St. Petersburg attorney Mark Stopa is in such chaos that much of its staff has quit — some after suffering stress-related breakdowns — and a liquidation bankruptcy filing is imminent.In an emergency motion filed this week in...
Published: 09/19/18
St. Pete condo of Weight Watchers’ Mindy Grossman hits market at nearly $4-million

St. Pete condo of Weight Watchers’ Mindy Grossman hits market at nearly $4-million

ST. PETERSBURG — Mindy Grossman, the former HSN chief who now heads Weight Watchers International, has put her Beach Drive condo on the market at the hefty price of $3.95 million.The three-bedroom, three-and 1/2 bath unit on the 24th floor of Ovation...
Published: 09/17/18
Updated: 09/18/18
This $4.25 million bank-owned estate is the biggest waterfront property for sale in Tampa Bay

This $4.25 million bank-owned estate is the biggest waterfront property for sale in Tampa Bay

ST, PETERSBURG — For years it was Tampa Bay’s classiest party house, a spectacular waterfront estate that hosted many an event for charity. Now, it is the bay area’s priciest foreclosure for sale. U.S. Bank recently took back the mansion in St. Peter...
Published: 09/14/18
Florida, Tampa Bay rank high in risk of mortgage fraud

Florida, Tampa Bay rank high in risk of mortgage fraud

New York, New Jersey and Florida remain the top three states for the risk of mortgage fraud as fraud on mortgage applications ticks up nationally.One in 109 applications contained fraud in the second quarter of this year compared to one in 122 in the...
Published: 09/13/18
Townhomes are planned in St. Petersburg for the site of 1905 Victorian house

Townhomes are planned in St. Petersburg for the site of 1905 Victorian house

ST. PETERSBURG — Eight townhomes are planned for the site of a 1905 house thought to have been connected to early African-American leader Elder Jordan.A project of J2 Developers, the St. James Townhomes at 758 Third Ave. S each will have three bedroo...
Published: 09/13/18