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Sales at Tampa residential tower quickly approaches $200 million

About 65% of sales at One Tampa have come from people living within 10 miles of the luxury downtown development.

  • By Louis Llovio
  • | 4:45 p.m. May 11, 2023
  • | 2 Free Articles Remaining!
About 65% of sale at One Tampa have come from people living within 10 miles of luxury downtown development.
About 65% of sale at One Tampa have come from people living within 10 miles of luxury downtown development.
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  • Tampa Bay-Lakeland
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A new 42-story residential tower going up in Tampa is nearing $200 million in sales.

One Tampa is being built by Palm Beach developer Kolter Urban in the city’s downtown, about a block from Curtis Hixon Waterfront Park and the city’s Riverwalk. Kolter says in a statement that the sales are among the fastest the company has seen in its history.

Interestingly, the company says 65% of the buyers have come from within a 10-mile radius.

When complete, the tower will be made up 225 of one- to three-bedroom units, some with dens, that will range in size from 1,100 square feet to 4,000 square feet. The building will also include 5,000 square feet of retail and restaurant space on the bottom floor.

The top three floors will include two story units and four penthouses. All the units, the company says, will come with floor-to-ceiling sliding glass doors and windows, as well as private balconies, with views of the city and Tampa Bay.

Among the amenities planned for residents will be a full kitchen on the 11th floor that will serve meals five days a week that can be picked up or delivered. Kolter says initial menu items include grab and go breakfast and coffee options. Lunch and dinner menus will include sandwiches, pastas, bowls, pizza and a selection of alcoholic beverages.

In addition to getting sales underway at One Tampa, Kolter recently opened sales at its 20-story Ritz-Carlton, Sarasota Bay.

The company has built several luxury residential properties in the area, including the 192-unit Saltaire in St. Petersburg. And its hotel division has been actively buying up hotels in the area. In April the group bought the 18-story Embassy Suites by Hilton Sarasota and a month later the Hyatt Regency at 1000 Boulevard of the Arts, also in Sarasota.

Prices at One Tampa start at $ 1 million. Construction is expected to begin this year and be completed by 2026.



Louis Llovio

Louis Llovio is the commercial real estate editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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