ONE Tampa August 2026 Construction Update

ONE Tampa is a 42-story luxury residential tower rising in downtown Tampa, Florida. Featuring 225 residences, retail space, and premium amenities, the tower will become Tampa’s tallest residential building once completed. As a fully subscribed EB-5 project, ONE Tampa demonstrates the successful execution of large-scale luxury development in collaboration with Kolter and EB5AN, delivering measurable results in both construction progress and economic impact.

Construction Progress

ONE Tampa reached a defining milestone this month: the structure officially topped out at its full height. The final concrete pours on Level 40 were completed, bringing vertical construction to a close. With the structural frame complete, the project now shifts fully into interior buildout and exterior finishing, and the pace on site reflects it. More than 400 workers are on the property each day.

Interior work is advancing floor by floor down the tower. On the lower residential levels, crews are installing flooring, drywall, and cabinetry. On Levels 21 and 22, in-wall and above-ceiling rough-in is complete for both units and corridors, with drywall and insulation stocked and corridor ceiling framing finished. Level 24 has ceiling framing installed and overhead plumbing and duct rough-in underway, while Level 25 has drywall rippers installed at the corridors and HVAC closets hung and finished.

Higher in the building, framing crews continue to work upward. Wall framing is complete on Level 27, along with fire sprinkler piping and overhead plumbing lateral installation. Interior unit wall framing is complete on Levels 28, 29, and 30, with plumbing wall rough-in started on Level 29 and drywall rippers installed on Level 30. Demising walls are nearing completion on Level 31 and have started on Level 32, where window and sliding glass door installation is finishing up.

On Level 33, concrete masonry work is complete, waterproofing has been installed at window and sliding glass door openings, and work has begun on the HVAC outside air ductwork and shaft surrounds.

The building’s exterior is taking shape as well. Brick installation continues at the podium, and stucco work at the balconies has progressed up to Level 27, with scaffolding now erected at the Level 24 balconies. Window installation and masonry work continue throughout the building.
With the structure complete and hundreds of tradespeople advancing interior and exterior work simultaneously, ONE Tampa continues to move steadily toward completion.

Job Creation Completed for ONE Tampa

As of June 2026, the project has generated 1,530 qualifying EB-5 jobs, more than enough to satisfy the job creation requirement for all participating investors.

The Importance of Job Creation for EB-5 Investors

Under EB-5 program rules, each investor must support the creation of at least 10 full-time jobs for U.S. workers. When investors complete their conditional residency period, USCIS evaluates whether the required jobs were actually produced. Because of this, a project’s job creation trajectory directly influences investor security and immigration outcomes.

Some EB-5 offerings on the market have not yet begun construction, increasing the risk that insufficient spending could jeopardize future job counts. ONE Tampa avoids this issue through an expenditure guaranty provided by Kolter, ensuring that all EB-5 capital is directed toward qualifying development activities. This structure reinforces strong job creation performance and supports investors on the path to permanent residency.

Condominium Sales

Buyer interest remains robust, with 146 units sold to date. Buyers submit non-refundable deposits totaling 25% of the purchase price, contributing to substantial presale revenue and providing strong financial support for the development.

Experienced Developer

Kolter remains one of the largest private developers in the United States. Since its founding in 1997, the company has developed thousands of residential units, hotel rooms, and land projects, totaling over $37 billion in value.

Kolter’s track record in EB-5 projects is strong, with all prior loans either repaid or in good standing. The developer’s urban condominium division, Kolter Urban, focuses on luxury towers in prime waterfront, water-view, and downtown locations. These developments consistently offer residents premium amenities and enhance long-term community value.

ONE Tampa follows the pattern of six comparable urban EB-5 loan projects in Florida. In collaboration with EB5AN, Kolter has developed the following luxury condominium towers:
Water Club North Palm Beach (North Palm Beach, Florida)
100 Las Olas (Fort Lauderdale, Florida)
Mark Sarasota (Sarasota, Florida)
VUE Sarasota Bay (Sarasota, Florida)
ONE St. Petersburg (St. Petersburg, Florida)
Saltaire (St. Petersburg, Florida)

Each of these previous EB-5 projects was completed on schedule and within budget, with all condominium units sold, often fully presold before construction concluded. EB-5 funds in these developments have either been fully repaid or remain in good standing, reflecting Kolter’s consistent track record of successful project execution.

Independent Regional Center

EB5AN remains the independent regional center for ONE Tampa. With a focus on investor protection and compliance, EB5AN structures strong, low-risk EB-5 projects with predictable job creation and transparent reporting.

Ongoing Progress and Related Projects

ONE Tampa’s construction progress, combined with advancing job creation and strong sales, reflects the consistency and execution that define Kolter and EB5AN’s long-standing collaboration.

Investors seeking projects with a similar profile may consider Spring Haven and Brandon Multifamily, both Kolter-developed and EB5AN-sponsored communities offering comparable structure, quality, and job creation performance.

More than 3,000 families from over 70 countries have selected EB-5 projects sponsored by EB5AN regional centers. Our expert team has more than a decade of experience and offers clients high-quality, low-risk EB-5 regional center projects with a 100% USCIS project approval rate.

If you would like to know more about your EB-5 investment options, book a free call with our expert team today.