SPP unveils design for new hotel

Strategic Property Partners, the Cascade Investments and Jeff Vinik partnership working to transform a slice of downtown Tampa into a $3 billion collection of commercial, residential and open space, has unveiled what one portion of the redevelopment will look like.

10 Water Street will be developed into a four-star, 500-room hotel, complete with 126,000 square feet of meeting space -- including Tampa's largest ballroom facility, at 30,000 square feet.

The new hotel, designed by Nichols Brosch Wurst Wolfe & Associates, will connect to the existing Marriott Waterside Hotel & Marina. Speculation has arisen that the hotel will carry a JW Marriott flag, in part because of that connection.

SPP intends to break ground on the 26-story hotel early next year, with completion scheduled for 2020.

In all, SPP is planning 9 million square feet of space in its Water Street Tampa development, which will be completed in staged between 2020 and 2027.