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Developer announces new residential high-rise near Water Street Tampa

On-site construction is scheduled to begin in the next few weeks for the 19-story building.

Tampa’s channel district neighborhood could soon be home to a new 19-story residential tower near Water Street, a developer announced Monday.

A Birmingham, Ala.-based company called Daniel Corporation closed on the land at the corner of E Twiggs Street and Channelside Drive on Friday, according to company spokeswoman Burgoyne McClendon. On-site construction is expected to begin in the next few weeks.

The project is separate from the Water Street project, a joint venture of Tampa Bay Lightning owner Jeff Vinik and Microsoft founder Bill Gates, that is expected to be completed in 2026 or 2027 and is the biggest real estate project in the city’s history.

But its proximity to Water Street is certain to become one of the apartment building’s top selling points to prospective residents, as shown by its mention in Monday’s announcement.

“With pedestrian access to some of Tampa’s most exciting new developments — including Water Street Tampa ... we are thrilled to have the opportunity to transform Tampa’s most desirable undeveloped block,” Justin Weintraub, executive vice president of Daniel Corporation, said in a statement.

The high rise will have 324 for-rent units, including studio, one- and two-bedroom floorplans and “unobstructed view of the downtown skyline and Tampa Bay,” according to a news release. Construction is scheduled to be completed in the fall of 2022.

Information about rent prices was not available Monday, but the news release promised that the building and its amenities would “set a new standard quality for for-rent luxury residential finishes within the central Florida market.”

McClendon, the Daniel spokeswoman, said in the next few months the company will name the project and launch a website with more information.