Florida residents might realize that Tampa is the largest Metropolitan Statistical Area in the state, but would many know that it’s actually the 18th largest nationwide? More and more companies are taking note of the abundance of benefits Tampa Bay offers, and even better, Tampa is stepping up to meet them and seal the deal on attracting new business and talent.
Exhibit A: a $3 billion project is about to totally transform downtown Tampa, a vibrant city which nevertheless hasn’t seen a new building added to its skyline in almost 25 years. The new development, Water Street Tampa, will “give an urban facelift to Tampa’s skyline and double the downtown area in size,” according to Urban Land Magazine. The magazine reports that Water Street will encompass nine million square feet to be developed into two hotels, along with 3,500 residential units, 1 million square feet of cultural and retail space, and 2 million square feet office space to be spread out over 53 acres in 18 different buildings. Water Street is scheduled to be completed in 2021.
This level of commitment to new development comes as a result of large increases in year-to-year population and rising demand for quality business and residential space – in 2017, Tampa actually saw the country’s 10th largest metropolitan population gain. International sports event brand Ironman already has its HQ in Tampa and has announced that they’re adding 70 new jobs, while cancer-fighting cell therapy company Vycellix is considering Tampa for its HQ. Meanwhile, great things are happening with an urban planning partnership between the City of Tampa and the University of South Florida, in an attempt to be even more competitive in attracting more businesses and resources.
Clearly, the weather is beautiful in Tampa, and it looks like the business climate is becoming even better. We love our city!
- “Top Growth Markets for Florida in 2018.” Florida Trend, www.floridatrend.com/article/24032/top-growth-markets-for-florida-in-2018.
- com, www.bizjournals.com/tampabay/news/2018/03/23/cell-therapy-company-eyeing-hq-move-to-tampa.html.
- “Tampa and USF Agree to Work Together to Make a Smarter City.” Tampa Bay, Florida News, 20 Mar. 2018, www.tampabay.com/news/growth/Tampa-and-USF-agree-to-work-together-to-make-a-smarter-city_166562998.
- com, www.bizjournals.com/tampabay/news/2018/03/21/global-sports-giant-ironman-to-add-70-jobs-in.html.