Tampa’s Westshore Marina District is finally taking shape. Located just off Westshore Boulevard south of Gandy Boulevard, the 52-acre mixed-use community will include 70,000 square feet of retail and office space located near some 2,400 new homes being built on or adjacent to the property.
The project is led by BTI Partners, a Fort Lauderdale-based real estate investment and development firm.
“It can be difficult for real estate developers to find and acquire large tracts of land located in urban areas experiencing rapid growth, especially ones on the water,” says Beck Daniel, director of development at BTI Partners. “That’s why we jumped at the opportunity to acquire Westshore Marina District.”
Once complete, the district will include three condominium towers called Marina Pointe, designed by architect Kobi Karp. Residences in the towers are selling for $700,000. The district will also feature an array of boutique retail shops, wine bars, fitness studios, gourmet markets, and high-end restaurants. BTI expects to break ground on Marina Pointe in early 2019.
WCI Communities, a Miami-based luxury home developer, recently announced that it has begun to build and sell townhomes in Westshore Marina District. The firm purchased 2.35 acres from BTI for $2.5 million last year and another 9.5 acres for $12.5 million in June. The three-story homes at Inlet Park are starting in the $400,000s.
“Our goal at Westshore is to build something for everyone,” Daniel says, “a community that attracts a wide range of demographics, from young professionals and empty nesters to larger families with children.” He adds that the district’s comprehensive amenities will mean “residents never really have to leave the community.”
Daniel declined to share development costs for the project but estimated the completed project’s value at $700 million.