Tampa Retail Properties Under Construction in Q4 2021
When it comes to the national average, Tampa is now building at a relative rate just under it, after 2021 was expected to see among the decade’s lowest retail completion totals.
The latest CoStar data shows us that even though significant additional retail groundbreakings are unlikely over the near term given the lingering uncertainty of the pandemic, the pipeline is still expansive and includes several large projects. One of the largest recent deliveries was the first phase of Midtown Tampa, a $500 million mixed-use development at the intersection of Interstate 275 and Dale Mabry Highway. Whole Foods and REI’s first location along the west coast of Florida opened in the summer of 2021 in Midtown Tampa.
The recent influx of grocery chains into the Tampa metro from brands such as Sprouts Farmers Market has prompted new construction responses from existing grocers in an effort to stay competitive. The region’s biggest player, Publix, has set aside $1.3 billion to buy more centers, build stores, and renovate existing sites.
You can view Bounat’s retail properties for sale in Tampa and elsewhere in Central Florida, as well as a variety of other commercial real estate assets available for lease or for sale.
Retail Space Under Construction in Tampa Q4
1.The Hub at Bexley – 16935 Focus Loop
Rating: 3*
Building Sq Ft: 44,000
Stories: 1
Start: October 2021
Complete: December 2022
Developer/Owner: —-
2.EOS Fitness – S Gornto Lake Rd
Rating: 3*
Building Sq Ft: 40,000
Stories: 1
Start: August 2021
Complete: April 2022
Developer/Owner: Barclay Group
3. 1307 E 8th Ave
Rating: 3*
Building Sq Ft: 38,405
Stories: 4
Start: October 2020
Complete: February 2022
Developer/Owner: —
4. 8301 N Dale Mabry Hwy
Rating: 3*
Building Sq Ft: 34,000
Stories: 1
Start: December 2021
Complete: July 2022
Developer/Owner: —
5. 1509 E Fletcher Ave
Rating: 3*
Building Sq Ft: 26,000
Stories:1
Start: August 2021
Complete: February 2022
Developer/Owner: Nationwide Realty Group
6. 11111 N 30th St
Rating: 3*
Building Sq Ft: 25,000
Stories: 1
Start: January 2021
Complete: February 2022
Developer/Owner: Yuengling
7. FishHawk Blvd
Rating: 3*
Building Sq Ft: 17,100
Stories: 1
Start: February 2021
Complete: February 2022
Developer/Owner: WMG Development
8. 4825 E Bay Dr
Rating: 3*
Building Sq Ft: 14,500
Stories: 1
Start: November 2021
Complete: May 2022
Developer/Owner: Ken Fritz
9. Carrollwood Exchange – 10901 N Dale Mabry Hwy
Rating: 2*
Building Sq Ft: 12,551
Stories: 1
Start: August 2021
Complete: April 2022
Developer/Owner: Paradise Ventures, Inc
10. Largo Commons I – Roosevelt Blvd
Rating: 3*
Building Sq Ft: 12,000
Stories: 1
Start: November 2021
Complete: February 2022
Developer/Owner: Landmark Sites, Inc.
Take a look at our featured Tampa retail properties, or other Tampa commercial real estate properties, or contact the Bounat team to start your own search.
You can also view the 2021 Q4 Market report for Multifamily Sales here.