The transformation of the Westshore Marina District has passed a few significant milestones in recent months, with more on the horizon.
BTI Partners, the master developer of the mixed-use community on the shore of Tampa Bay, says in March the first residents moved into the Related Group’s luxury apartment tower and Bainbridge at Westshore Marina luxury apartments. Related has leased more than 70 apartments and Bainbridge has leased more than 45, according to BTI Partners. WCI has also sold five units in the first phase of its townhome project, Inlet Park, and plans to start selling units in its second phase, Inlet Shores, in the third quarter of this year.
Right now, all those projects are still finishing units and have less than 30% of their inventory available, BTI Partners says. As additional units are finished in the waterfront community, they are expected to lease or sell quickly. BTI Partners is also developing the Marina Pointe condominium tower overlooking Tampa Bay. Forty condos in the first 120-unit tower are under contract with an average sale price of $1.25 million.
Next, retail will enter the mix. There is a total of 70,000 square feet of retail space planned, including Marina Landings, a town square in excess of 22,000 square feet that will feature coffee shops, wine bars, spas and more. BTI Partners says a waterfront restaurant space has leased, with an announcement expected mid-year. The first tenants in the town center should be announced this month.
With its location on the waterfront and close proximity to both downtown Tampa and the Gandy Bridge, the Westshore Marina District is designed as an active community with walking trails and three waterfront parks connected to a new marina built on a 13-acre deep water basin. A 150-slip full-service marina on floating docks will handle vessels ranging from 40- feet in length to more than 100-feet.