TAMPA. Fla. — Tampa city leaders and developers took part in a ceremonial groundbreaking Thursday, marking the beginning of construction on the first residential towers to go up in the downtown area's new Water Street Tampa development.

  • Buildings to go up on Channelside Drive and Water Street
  • No rental prices announced yet
  • More Hillsborough County stories

The two towers, located at Channelside Drive and Water Street, will include 420 apartments, rooftop pools, a community kitchen and bar, a fitness center, a club lounge room, and a grocery store, along with other retailers on the ground floor. 

“The design is very much inspired by Tampa,” said Rebecca Snyder of Strategic Property Partners. 

The rental prices have not been released, but Snyder said those who make more than $59,000 should be able to rent an apartment there. 

“We want to have a range of rental offerings within this building,” Snyder said. “We want to have everything from one-bedroom apartments all the way up to a three-bedroom, three-and-a-half bath.”

Vinik's vision

The Water Street Tampa project is spearheaded by Tampa Lightning owner and Strategic Property Partners developer Jeff Vinik. 

“This is the fun part of the project, where we’ve been in design for five to six years, now building by building are coming out of the ground,” Vinik said. 

Along with the residential towers, Strategic Property Partners previously announced the construction of a Marriott boutique hotel and high rise office building along Water Street. 

Tampa Mayor Bob Buckhorn said he is excited about all the possibilities. He believes the Water Street construction project will transform the downtown landscape.

“It is, I think, the most important project, private development project, that has occurred in our city in decades,” said Buckhorn.