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Tampa’s New Urban Economy

Tampa’s downtown neighborhoods have flourished in recent years, thanks to a series of high-value investments that have completely transformed a district that formerly consisted of little more than office blocks, parking lots and industrial zones. This growth will only continue in the years to come – according to a study from Dodge Data and Analytics, downtown Tampa has become the focus of a wave of construction projects that will bring an estimated $13 billion investment to the Tampa area through 2022.

Thanks to the availability of more residential buildings, downtown Tampa has seen an explosion of occupancy, driven by enthusiasm for the re-imagined Riverwalk and the stores, bars and restaurants that followed the beautification project. Tampa’s reputation as a dog-friendly city has also garnered the attention of those seeking a centralized life-style that accommodates their beloved pets. A whopping 34 percent of downtown residents own dogs. And the growth isn’t just centered around young professionals seeking a trendy place to live — 41 percent of downtown residents are 35 to 54 years old, while 33 percent are age 55 or older.

The new centerpiece of Downtown Tampa is the hotly anticipated Water Street Tampa project, a $3 billion, 16-block mega development that will boast a new JR Marriott hotel and one million square feet of cultural and retail space when completed. The neighboring $164.7 million University of South Florida Morsani College of Medicine and Heart Institute opening its doors in 2019 is poised to become the center of an emerging medical-tech hub.

The downtown area isn’t just a hotspot for real estate, either. Locals and tourists alike flock to high-end food halls such as Tampa Armature Works, a reinvented trolley garage that now features a popular rooftop bar, steakhouse and an array of upscale dining concepts, in addition to entertainment and co-working spaces. Sparkman Wharf, located between the Florida Aquarium and Amalie Arena, has also become a major downtown dining destination and recently announced a renovation that will bring in up to 10 new tenants and 150,000 square feet of office space.

Elevé 61 is perfectly positioned in the heart of this vibrant and emerging downtown area, and beautifully represents the up and coming lifestyle that can be enjoyed and indulged in the Channel District. Expansive residences provide incomparable levels of privacy and quiet, complemented by breathtaking, unobstructed views. These luxury condominiums offer residents an unmatched luxury lifestyle in an intimate oasis at the pinnacle of Tampa’s new city vibe.

A limited offering of 61 Sky Residences from the $800,000s places residents in the heart of one of the city’s most sought-after neighborhoods. Schedule an appointment at the sales gallery. Formore information, visit Eleve61.com or call (813) 291-3287.

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