Strategic Property Partners is proposing a complete demolition of Channelside Bay Plaza and using the mall’s waterfront real estate to build a public park, office and retail space and residential towers.
SPP CEO James Nozar on Tuesday shared the firm’s vision with Port Tampa Bay, which owns the ground beneath the waterfront mall. SPP acquired the ground lease to Channelside Bay Plaza in 2014. The presentation Tuesday was informational, marking the beginning of negotiations between SPP and the port on redevelopment.
The port board is not expected to vote on a final proposal until late 2016 or early 2017. The first phase of the redevelopment — a waterfront park on the Garrison lot — could be among the first visible components delivered in the SPP district, Nozar said….....Read More