HRI Properties offered to pay $7.5 million for 1 acre next to City Hall at the corner of E Kennedy Boulevard and N Florida Avenue.
The company plans a 21-story tower with a 223-room Hyatt Centric Hotel, 225 apartments, 7,000 square feet of retail and a 408-car garage. There will be a restaurant, though developers haven’t determined which one, as well as a street-corner Starbucks.
HRI expects to start building the $120.8 million tower in the third quarter of 2017. Construction will create 527 jobs. Once the building opens in May 2019, its lobby oriented toward City Hall and nearby office towers, it will have a staff of 174.
Along with Hyatt, HRI’s project team includes Baker Barrios Architects, general contractor DPR Construction, Capital One and Tampa real estate broker Jeannette Jason of Cushman & Wakefield.