Port Tampa Bay has revealed its vision plan to develop acres of land in the Channel District which will feature landmark structures, residential towers, a marina and more – a total of 9 million square feet and $1.5 billion in development costs.
The vision plan unveiled on Aug 13, shows the ideas for the anticipated redevelopment of 45 acres of port-owned land along Channelside Drive and the Ybor Channel, the Tampa Bay Business Journal reports.
The expanse of pavement that lines Channelside Drive could some day be home to a glitzy mix of residential towers and retail and commercial space.
Miami-based Bermello Ajamil & Partners Inc. were the project’s consultants.
Port and city officials said that it will complement the residential project currently underway in the Channel district. Paul Anderson, CEO of Port Tampa Bay, said: “This is a monumental project that will complement what’s already happening.” The aquarium’s parking is included in the redevelopment plans.”
According to WTSP 10 News, the elaborate real estate project will feature both private real estate developments and public amenities.
The vision includes two “landmark towers,” up to 75 stories, that the port says “will be among the tallest and most notable on Florida’s West Coast.”
The port, the city and Channel District Community Redevelopment Agency will fund infrastructure costs.
The Port Tampa Bay waterfront redevelopment is part of a larger plan for a 5,000-acre port over the next two decades, states WTSP. A more detailed master plan is expected to be released next year.