Tampa’s Westshore Marina District, the burgeoning 52-acre mixed-use real estate development featuring water-inspired living, shopping, dining and recreation, is now actively leasing retail and restaurant space in response to a high demand for boutique shopping and upscale dining choices in the Westshore and Gandy Boulevard area.
Westshore Marina District offers up to 70,000 square feet of restaurant and retail space. The future retail and commercial tenants will serve nearly 2,400 new homes that are now being built on, and adjacent to, the waterfront community. “The responses we have received have far surpassed our expectations. With so many rooftops in place, the time is right to push the District’s retail product to bring the urban mixed-use setting to fruition for our residents,” stated BTI’s Director of Development Beck Daniel.
BTI is carefully selecting the best tenant mix to realize its vision for the community’s active urban waterfront lifestyle. So far, prospects include local and regional service-oriented specialty retailers, full-service and quick-service restaurants such as, coffee, dessert and smoothie bars, gourmet markets, wine bars, boutique fitness concepts and others. Demand is exceeding supply as several interested parties have already submitted letters of intent (LOIs). Construction is expected to start early 2019 to deliver the spaces to tenants by the end of 2019.
“The District’s extraordinary waterfront location, surrounded by affluent residents in a prime high-traffic location, is driving strong interest,” confirms Vice President of Retail Development Britney Mroczkowski, CCIM. The walkability, boating and marina aspects, as well as pent-up demand from surrounding residents give Westshore Marina District a strong competitive edge.
At the foot of the first Marina Pointe condominium tower 10,000± square feet is available for retail. At the grand entrance of the development on Gandy Boulevard, a 1.6-acre parcel allows for a 10,000 square-foot waterfront restaurant with 10 designated boat slips for boat-up access. Located along the District’s roundabout the Marina Landings retail district will offer more than 22,000 square feet of retail, restaurant and office space. An additional 15,000 square feet of retail space will be available on Gandy Boulevard soon thereafter. In addition to residential and retail, the District will also have walking trails and three parks on the water that will be open to the public and connect to the brand new 15-slip deep water marina. Westshore Marina District’s 52 acres will have a build-out value of $750 million and will be home to 1,300 residences.
BTI Partners retained the premiere waterfront peninsula for the luxury high-rise enclave, Marina Pointe, which will begin construction later this year. Marina Pointe features three 16-story luxury condominiums overlooking the bay and offers a choice of six floorplan selections from the $700,000s. State of the art floating docks are available for purchase exclusively to Marina Pointe purchasers. Marina Pointe currently is converting more than $40 million in reservations to contracts for its first 120-residence condominium tower.
Designed by renowned Miami architect Kobi Karp, Marina Pointe’s condominium residences and floorplans were designed to echo the spectacular waterfront surroundings with shimmering floor-to-ceiling glass and wide vistas of Tampa Bay. Residences range from 1,767 square feet to 3,168 square feet featuring two- and three- and four-bedroom configurations. Eight penthouses will encompass 2,325 to 3,394 square feet in the lower penthouses and 2,324 to 3,413 square feet for the upper penthouses available from $1.5 million. Groundbreaking for the first Marina Pointe tower will take place in 2018 with completion expected in 18 to 24 months.
Tampa’s Smith & Associates Real Estate manages sales for Marina Pointe. For more information visit Marinapointe.com
BTI Partners has sold $42 million in land to development partners:
• Bainbridge
12-acres, $ 13.2 million
350 upscale apartment residences, occupancy early 2019
• Related Group
8.5 acres, $11.81 million
396 waterfront apartment residences, occupancy late 2018
• WCI
2.35 acres, $2.5 million
35 townhomes, under construction
Additional:
9.5 acres for 105 three- and four-story townhomes with private docks
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