February 6, 2023

News Release

Coastal Construction announced as General Contractor for new downtown Tampa tower

Development at 540 East Cass will include 450 apartments

| 1/10/2023

Coastal Construction will be the general contractor on Silverstein Properties’ new downtown Tampa development at 540 East Cass.  Silverstein’s development calls for a tower with approximately 450 apartments and extensive amenities – an outdoor pool, tenant lounges with workspaces, and a state-of-the-art fitness center as well as approximately 9,000 square feet of retail space and 500 parking spots.

“Our team at Coastal Construction is excited to work with Silverstein to bring their vision to life,” said Sean DeMartino, President of Central Florida for Coastal Construction. “Downtown Tampa is going through an extraordinary transformation — and these new residences will give more people the chance to live within walking distance of shops, restaurants and top attractions like the Straz Center, Curtis Hixon Waterfront Park and the Riverwalk.”

Groundbreaking for the residential tower is expected in late 2023/early 2024, with completion in 2026.  Arquitectonica will serve as the architect and interior designer.

Since entering the Tampa Bay market six years ago, Coastal has built some of the community’s most iconic and noteworthy buildings, from the J.W. Marriott and Heron in Water Street Tampa to the in-progress Ritz Carlton Residences on Bayshore and Art House in downtown St. Petersburg. Coastal also recently finished the Walt Disney World Swan Reserve in Orlando for which the company received the prestigious 2022 Excellence in Construction© Eagle Award from Associated Builders and Contractors.

Additionally, Coastal is currently working as the general contractor on Evo in downtown St. Petersburg and the Arts and Entertainment Residences (AER) also located near the Curtis Hixon Waterfront Park.

A privately owned company, Coastal Construction is one of the largest general contractors in the Southeast with offices in Miami, Orlando, Tampa and West Palm Beach. Their central Florida regional workforce is quickly approaching 100 employees.

Silverstein Properties is a privately held, full-service real estate development, investment and management firm based in New York that has developed, owned and managed more than 40 million square feet of commercial, residential, retail and hotel space.

Tags: Housing/Construction, Real Estate, Press Release

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