Downtown Tampa's landscape could soon be changing.
Hillsborough River Realty Company
, based in Tampa, has applied for a mixed-use development rezoning from the City of Tampa so it can build three high rises totaling 1.7 million gross square feet on the west side of Hillsborough River just a block east of the University of Tampa.
The development is called Lafayette Place in honor of the Lafayette Street Bridge, which is now the Kennedy Boulevard Bridge.
The plan calls for a blend of residential, hotel, office and retail space built on three parcels totaling six acres and owned by HRRC.
Two of the parcels are located on Kennedy Boulevard. Lafayette Tower, which includes office, hotel and retail space, would have 355 linear feet of Hillsborough River frontage. Behind it, Lafayette Parkview would include high-end residential homes, retail and parking. Parker Street would separate these two buildings, and a sky bridge would connect them.
The third parcel is located in the nearby Grand Central District and would be the site of Lafayette Central, which would include high-end residences, retail and parking.
Lafayette Place could also expand the Tampa Riverwalk to the west bank of the Hillsborough River.
According to HRRC, Lafayette Place would attract new companies, residents and visitors to downtown Tampa's waterfront.
“Lafayette Place extends downtown Tampa to the west side of the Hillsborough River and adds a new and vibrant energy to one of Tampa's most historic neighborhoods," says John N. LaRocca, HRRC's senior VP. "Lafayette Place offers the tools necessary to advance downtown Tampa’s economic prosperity and create a true live, work, play environment.”
The project is designed in a way that allows for development phasing. HRRC says it expects to get approval from the Tampa City Council in March 2017, and then begin more detailed design work, pricing and assessment of the marketplace for timing of certain phases of the development.
Then, thorough plans would be submitted for review and permitting through the City of Tampa. The company says it's considering Lafayette Central as the first phase of the project, but construction would not begin before the end of 2018.
According to the company, cost estimates will be calculated once the city's zoning board approves the development.