Channelside’s Booming Projects

Channelside’s Booming Projects

Downtown Tampa is set for a makeover this year. In the Channelside District of Downtown Tampa, a 23-story complex called Channel Club is set to begin leasing this June. The 37,000 square foot, $90 million building project started construction last September in the former Tampa Bay warehouse district, though the area now is becoming the new, urban hotspot, with residential neighborhoods, art venues, pubs, and shops. The Channel Club is set to have 324 apartment complexes, including a restaurant, fitness center, and hair salon. But the building comes with another special treat: a Publix on half of the first floor. Ken Stoltenberg, co-director of Mercury advisors, developer of the project, stated, “You have everything. Anything you normally would run around and do for errands on a Saturday morning, you can walk.”

The city is expecting the area to take off even more. On February 9th, the Tampa Bay Rays announced plans to build a new stadium in Ybor City and move away from the Tropicana Field in Downton St. Petersburg. A 14-acre site located on 4th avenue on north and Adamo Drive south has already been identified as the designated ground by Hillsborough County Commissioner, Ken Hagan.

The Morsani College of Medicine and Heart Institute is also under construction a few blocks away, a project worth $152.6 million. This 11-story, 53-acre building will be across from the Amalie Arena and is expected to attract close to 2,000 students, faculty, and staff. The Grand Central at Kennedy recently opened a Crunch Fitness spanning 22,000 square feet. Quality Distribution Inc. and Saint Leo University, Tampa Campus also occupy the area, leaving 90 percent of the facility full. The $145 million development has 392 condominiums, 108 square feet or retail, and about 80,000 square feet of office space. Grand Central’s East and West buildings were built in 2007, but the recession interrupted selling.

A Hampton Inn and Home2Suites will be under construction at the southeast corner of Kennedy and Meridian Avenue. The hotel expects to attract cruise ship passengers just landing in Tampa Bay, and appeal to guests at the new USF College of Medicine.

 

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