Tampa’s first five-star hotel just passed a big milestone.
The Tampa Edition, part of downtown’s $3.5 billion Water Street Tampa project, has officially topped out at 26 stories, according to developers Strategic Property Partners.
The 172-room hotel, which also has 37 private residences, is a partnership between Marriott International and renowned hotelier Ian Schrager, and is scheduled to open in late 2021.
“Not often have I had the opportunity to work on a project that will completely transform the very center and heartbeat of a great city like Tampa, and make it even greater,” Schrager said in a statement. He added that he believed the hotel would “make Tampa a 24-hour international gateway city.”
Developers have frequently touted the Edition’s potential five-star status as a signature part of Water Street Tampa, developed through a partnership between Lightning owner Jeff Vinik and an investment group owned by Bill Gates. Tampa Bay has a few four-star hotels, as well as a new one near the Edition that could receive that designation: The JW Marriott Tampa Water Street just a short walk away.
While four-star hotels like the JW Marriott or Vinoy Renaissance Hotel in St. Petersburg generally offer high-quality service, five-stars up the ante with even more plush amenities and lavish customer attention. Some specific details on the Tampa Edition hotel are still under wraps, but the building will include a rooftop pool terrace, seven restaurants and bars, designer materials and appliances and more.
The Edition’s residences quietly went on sale months ago starting at $2 million, although they only publicly hit the market in December. Monday’s topping-out announcement touted the fact that “several professional athletes, including players for Tampa’s NFL and NHL teams, have toured the development’s sales gallery.”
Water Street Tampa’s first residential property, the apartment tower Heron, is scheduled to be move-in ready by March. One other residential tower is expected to open in late 2021, with another coming in 2022.
Topping out the hotel is the second major development this month in Water Street Tampa. Strategic Property Partners and city officials last week announced they’d completed and opened a new extension of Cumberland Avenue linking Meridian Avenue and Brorein Avenue.
The east-west road is meant to better connect Water Street to other busy parts of downtown. It will eventually include wide sidewalks, dedicated bike lanes and parking and shade trees.