T
ampa Bay’s 2026 trajectory is sharpening around walkable, mixed‑use hubs that move beyond plans into concrete builds. From downtown Tampa to St. Petersburg and Ybor City, the projects below illustrate where demand, infrastructure and long‑term value intersect.
**Gasworx – Ybor City**
*15‑block mixed‑use district, phased openings from 2026*
- Reconnects Ybor, downtown and Channelside with a walkable corridor.
- Built within a historic rail‑lined neighborhood, it prioritizes neighborhood scale over high towers.
- Three residential towers (The Stevedore 2026, The Luisa & Olivette 2027) surround a one‑acre park.
- **Impact:** closes a physical gap, adds true density, preserves Ybor’s heritage, and expands Tampa’s urban core.
**ONE Tampa – Downtown**
*225 luxury condos, delivery 2027*
- Reflects Tampa’s early luxury‑condo cycle, driven by employment growth and corporate relocations.
- Addresses a supply‑constrained downtown that attracts buyers seeking walkable living.
- **Impact:** signals confidence in residential demand, adds density without overshooting price sensitivity, and supports street‑level activity.
**Hotel ORA + Private Residences – Downtown**
*$675 M mixed‑use, groundbreaking 2026*
- Strong presales and all‑cash land strategy mitigate financing risk.
- Combines a luxury hotel, branded residences, convention space, dining and rooftop amenities near Water Street.
- **Impact:** demonstrates global buyer confidence, adds hospitality capacity near the Convention Center, and reinforces downtown as a luxury destination.
**Downtown Entertainment District**
*3,500‑seat venue, construction 2027*
- Anchored by a live‑music venue across from Benchmark International Arena, filling the gap between small clubs and arena‑scale venues.
- Includes hotel, retail, dining and structured parking to activate the area beyond events.
- **Impact:** expands the entertainment ecosystem, boosts foot traffic near Water Street and the Riverwalk, and strengthens Tampa’s live‑events appeal.
**Tampa Police Department HQ Redevelopment**
*1‑acre downtown parcel, RFP issued*
- Central Business District site with a $36 M asking price.
- Requires full financing, design and construction plans, making it a high‑bar catalyst.
- **Impact:** offers a rare downtown redevelopment opportunity that could reshape the civic and commercial core.
**Gallery Haus – Downtown St. Petersburg**
*$125 M mixed‑use, demolition underway*
- 23‑story tower near Tropicana Field to be replaced with 254 homes, coworking, retail and wellness amenities adjacent to the Pinellas Trail.
- Backed by a site‑work loan and a proven Miami model.
- **Impact:** adds housing in a supply‑constrained market, sits next to the planned Historic Gas Plant District, and signals real momentum in St. Petersburg’s core.
**St. Petersburg Condo Market Expansion**
*New inventory 2025–2026*
- Branded residences and move‑in‑ready condos are reshaping buyer choice and increasing competition.
- **Impact:** shifts buyer leverage toward finished products, attracts out‑of‑market buyers, and reinforces St. Petersburg as a mature urban market.
**Takeaway for 2026**
Tampa Bay is no longer about speculative growth; it’s about intentional, walkable, mixed‑use development with disciplined capital and respect for place. These projects mark where the region’s next economic phase is unfolding.
