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PO Box 1212 Tampa, FL 33601 Pinellas Updated November 2024
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RETURN TO NEWS INDEX WestShore Plaza owner envisions office space, condos, grocer and more on Sears' real estate Washington Prime Group (NYSE: WPG) is asking the city rezone the entire mall from regional mall, mall anchor and restaurant uses to more specific uses to make way for a massive redevelopment on the northeast corner of the property.
Sears' bankruptcy, WestShore Plaza says in its filing, has "created an opportunity for WPG to ensure the long-term viability of WestShore Plaza by embarking on a redevelopment of not only the Sears retail footprint but also the adjacent parking fields and restaurant outparcels."
The redevelopment includes the Sears department store and surface parking that stretches from south of Gray Street almost to Kennedy Boulevard (the Bank of America office and gas station that front Kennedy are not owned by Washington Prime and are not part of the rezoning, but Seasons 52 is).
The total property will include 895,000 square feet of retail, which includes both street-level storefronts in the new buildings, the grocer and the existing mall. The following is a breakdown of what Washington Prime wants to add to WestShore Plaza:
Ohio-based Washington Prime confirmed its plans to redevelop the Sears real estate in October as the retailer sought Chapter 11 bankruptcy protection, though details were scant and there was no sense of when the project might begin.
Washington Prime's plans are in line with what Tampa commercial real estate experts predicted when the potential project first emerged: a wide-ranging mix of commercial and residential uses in a high-density environment.
It's still unclear when Sears will close; Washington Prime writes in its filings with the city that "the project may be built in phases, however, there is no definitive time for commencement or completion of any phase."
A supermarket would front North B street; restaurant and retail space would line the street level of 11- and 12-story buildings fronting Westshore Boulevard. The redevelopment also includes seven- and 10-story buildings, all of which will have all uses permitted.
A hearing on the rezoning request is set for April 11.
"The redevelopment opportunity at WestShore Plaza demonstrates our commitment to the community, while illustrating our mandate to strengthen this property as the dominant town center within the Tampa area," a spokeswoman for Washington Prime wrote in an email. "We are excited about the project and will announce details in the future."
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