Port Tampa Bay reveals vision for Channel District revitalization.
Port Tampa Bay (PTB) has unveiled its vision plan for transforming Tampa’s waterfront district from an industrial zone into a lively community hub, in order to optimize the 45-acre area’s revitalization, announced from its base in Tampa, Florida.
Land located along Channelside Drive and the Ybor Channel will undergo development to create over nine million square feet of mixed-use space at a cost of $1.5 billion in private investment over the next decade.
"Our vision is to create a waterfront community that is the envy of other top cities around the country," said Paul Anderson, Port Tampa Bay’s president and CEO. "This is an unprecedented development that will revolutionize Tampa and benefit the entire region."
Still in its incubation phase, the project will blend private and public amenities encompassing residential, retail, office and hotel space. Residents can look forward to a central park, marina and cruise ship terminal, plus a key architectural signature in the form of two "landmark towers'' designated to become the tallest structures on Florida’s West Coast.
The plan, born of a partnership between Port Tampa Bay, the City of Tampa and the Channel District Community Redevelopment Agency (CRA), aims high aesthetically with ample sidewalks, luxurious landscaping, bike lanes and an eclectic mix of stores and eateries.
“This is another exciting step toward bringing the waterfront back to the people," Mayor Bob Buckhorn said. "The time is right to take this area to the next level and create a new destination for generations to come."
PTB is Florida's largest port and largest economic engine in west central Florida, supporting nearly 80,000 jobs and generating almost $15 billion in annual economic impact.
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