A long time has passed since Tampa was regarded as just a cigar manufacturing hub. Now, on its way to half a million residents, Tampa is becoming a fast-growing, diverse, and tourist-friendly area. But the best is yet to come! There are numerous construction projects promising to solidify Tampa’s potential as modern, urban hub. Here are a few of the most impactful ones:
A New Home For The Rays
After 20 years of playing baseball in a domed arena, the Rays have finally announced a POSSIBLE new stadium site in Ybor City, the center of Tampa’s historic cigar industry and present-day nightlife.
The selected location site is 14 acres, surrounded by Channelside Drive on the west, 4th Avenue on the north, 15th Street on the east, and Adamo Drive on the south, with the elevated Lee Roy Selmon Crosstown Expressway just above Adamo.
Even though there is no commitment to a timeline, 2023 appears to be the year in which the Rays would be stepping into their new home.
Flights and Investment
Since taking over as CEO of the Tampa International Airport in 2011, Joe Lopano has made significant changes. In his quest to make a lasting difference in this highest-raising value area, he not only added international routes to major cities such as Frankfurt, Reykjavik, and Panama City but also has carried out the most extensive, full-scale renovation of the airport since 1971.
His ambitious expansion program includes a three-phase plan, starting with the construction of a new rental car center, which will be connected to the main terminal. The second phase will consist of a curbside expansion and to move the airport’s central energy plant.
The other large phase is the construction of an office building, hotel, and retail space on 17 acres next to the airport’s new rental car center.
Water Street Tampa
As we covered last week, Jeff Vinik has partnered with Bill Gates’ investment arm, Cascade Investment, to lead a project that could be Tampa’s most significant transformation yet. Together, Vinik and Cascade Investment are developing Water Street, the massive urban facelift to Tampa’s skyline and double the downtown area in size. The project will provide housing, retail, dining, culture, entertainment, and leisure, as well as increase downtown Tampa’s office supply by nearly 50 percent. It includes 40 acres around the hockey arena, as well as Tampa’s first 5-star hotel, the 719-room Tampa Marriott Waterside Hotel & Marina.
Many cities generally unveil ambitious projects, but they frequently fall apart due to lack of funding. However, with Vinik and Cascade Investment in the picture, that element is more than secured.
It is no secret that Tampa is on the rise. With so many new buildings and opportunities sprouting up, make sure you have the right team on your side to ensure your project’s success.