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Strategic Property Partners, LLC Begins Construction on Tampa's First Downtown Trophy Office Tower in Over 25 Years

Date: 07.09.2019

Published On: Yahoo Finance

1001 Water Street will support city’s strong economic growth as part of wellness-oriented masterplan

TAMPA, Fla., July 9, 2019 /PRNewswire/ — Strategic Property Partners, LLC (“SPP”) today announced the start of construction on 1001 Water Street, the first new trophy office tower to break ground in the city’s downtown in almost three decades. As part of the 56-acre Water Street Tampa development transforming the urban waterfront, SPP is introducing an array of workspaces to support Tampa’s growth and robust economy.

Designed by COOKFOX Architects, 1001 Water Street is the first new trophy office tower to break ground in the Downtown Tampa in almost three decades.

1001 Water Street is sustainably designed and will be both WELL Core and Shell certified as well as LEED certified, a first for the region, once complete in late summer 2021.

“The start of construction at 1001 Water Street signifies the beginning of a new chapter for workplaces. It is not just the first new trophy office tower in Tampa in decades, but the first office of its kind,” said James Nozar, CEO of SPP. “We are seeking to reimagine the workplace, where employees, their experiences, and overall wellbeing are at the heart of the design and functionality of the space.”

A 20-story mixed-use building with approximately 380,000 square feet of office space and retail, 1001 Water Street has been designed by COOKFOX Architects. True to COOKFOX Architects’ signature biophilic design philosophy—which has been shown to reduce stress, enhance creativity, improve well-being and expedite healing—1001 Water Street incorporates natural materials and access to daylight and vegetation, including an expansive rooftop terrace, to connect people with nature on a daily basis. Nine double-height exterior terraces will adorn the building’s façade, providing space for tenants to enjoy an indoor/outdoor work experience, while expansive floor-to-ceiling windows will flood the offices with natural light.

1001 Water Street will feature additional outdoor space via a public plaza that connects it to the adjacent University of South Florida’s Morsani College of Medicine. Designed by Nelson Byrd Woltz Landscape Architects, the vibrant plaza embraces regional ecology, encourages community interaction and celebrates place with a large-scale art installation to be created by LED artist Jim Campbell.

“Tampa is experiencing an incredible boom in population and job growth,” said David Bevirt, Executive Vice President of Corporate Leasing and Strategy for SPP. “We saw a tremendous opportunity to support the city’s growth and provide cutting-edge office space along with the lifestyle and amenities-driven experience that businesses and employees are looking for within the Tampa Bay area today.”

The start of construction on 1001 Water Street comes on the heels of the recent announcement that Water Street Tampa is the first neighborhood in the world to receive the WELL Design and Operations designation under the pioneering WELL Community Standard. Grounded in an evidence-based approach, a WELL community is designed to promote health and wellbeing across all aspects of community life.

Global commercial real estate services firm JLL is exclusively handling the leasing efforts for 1001 Water Street. Coastal Construction, one of the Southeast’s preeminent construction companies and one of the top 100 construction management companies in the country, is constructing the office tower.