SPP hires contractors for Water Street Tampa

Strategic Property Partners has unveiled both the name of its planned $3 billion redevelopment in downtown Tampa and the firms that will build it.

The partnership between Bill Gates' Cascade Investments and Tampa Bay Lightning owner Jeff Vinik's 53-acre Water Street Tampa project is slated to contain thousands of new residences; roughly 3 million square feet of office, retail, restaurant and entertainment space; a 500-room, four-star hotel that may carry the JW Marriott flag; and a five-star, 157-room boutique lodging property at the completion of its first phase, in 2020.

Additionally, SPP is planning a $40 million renovation to the Tampa Marriott Waterside Hotel & Marina, which Vinik purchased in September 2014 for $150 million.