Construction has officially started on a 42-story downtown tower in Tampa. The Kolter Group held a ceremonial groundbreaking July 11 for One Tampa at 520 N. Tampa St. The tower is being built just off Ashley Street and across from Curtis Hixon Park. It is expected to be completed late in 2026. It will be made up of 225 units and 5,000 square feet of retail and restaurant space. The building will have one-, two- and three-bedroom units from 1,100 to 4,000 square feet. The top three floors will include two story units and four penthouses. All the units will come with floor-to-ceiling sliding glass doors and windows, as well as private balconies, with views of the city and Tampa Bay. Kolter is a prolific Palm Beach developer with a slew of projects already in the works along the Gulf Coast. Among them are the 24-story Island at West Bay Club in Estero and the two-tower The Ritz-Carlton Residences in Sarasota.