Hyde Park Village Redevelopment: Everything You Need to Know

Big changes are coming to Tampa’s historic Hyde Park Village. The block that currently features Irish 31, CMX CinéBistro, Old Northeast Jewelers, and the now-closed Goody Goody restaurant is slated for a major transformation. Here's a full breakdown of the Hyde Park Village redevelopment plans, the timeline, and what this means for the local community.

What’s Happening at Hyde Park Village?

Led by WS Development, the project will completely replace the existing structures with a vibrant mixed-use complex. Early redevelopment plans include:

• A luxury boutique hotel with approximately 120 guest rooms
• About 20 to 21 high-end condominium residences
• Several townhome-style residential units
• New retail and dining spaces at street level
• An expanded modern parking garage to address current parking challenges

This redevelopment is expected to elevate Hyde Park Village into an even more desirable destination for luxury living, shopping, and dining, while maintaining the area’s historic character.

Attracting Global Luxury Brands to Hyde Park Village

As Hyde Park Village transforms, industry insiders speculate that world-renowned brands like Cartier, Hermès, and Bottega Veneta could soon make their debut in Tampa. This would position Hyde Park Village as a true luxury shopping destination, attracting affluent shoppers from across Florida and beyond. WS Development’s strategy focuses on blending high-end retail, fine dining, and exclusive experiences to deliver an unparalleled walkable luxury lifestyle. (Tampa Bay Business Journal)

Why Is Hyde Park Village Redeveloping Now?

The first major signal came in September 2024, when Goody Goody announced its closure (Tampa Bay Business Journal). Shortly afterward, soil testing rigs were spotted on the property, suggesting that a significant project was underway. According to local development watchers like Tampa Tomorrow, insiders confirmed that WS Development plans to introduce a new mid-rise, mixed-use project to the area, blending upscale living with vibrant retail spaces.

Hyde Park Village Redevelopment Timeline

• Mid-to-late 2025: Formal project announcements and tenant relocations expected
• Late 2025: Demolition and construction begin
• 2027: Targeted project completion and grand opening

In the meantime, beloved businesses like Irish 31 and CinéBistro remain open but are expected to close as the redevelopment progresses.

What Will the New Hyde Park Village Look Like?

While official renderings have not yet been released, the vision for Hyde Park Village is clear: rooftop terraces, expanded green spaces, and pedestrian-friendly storefronts will define the atmosphere. WS Development’s track record — which includes attracting brands like Stoney Clover Lane and rag & bone — suggests the new Hyde Park Village will feature a curated mix of high-end retail and hospitality experiences (Tampa Bay Business Journal).

Community-Centric Design with Upscale Living

The redevelopment plans emphasize more than just shopping — they focus on creating an entire lifestyle. Walkable streetscapes, outdoor cafes, and elegant rooftop spaces are intended to foster a vibrant community feel. Future residents and visitors can look forward to a neighborhood that feels lively, luxurious, and welcoming — perfectly blending modern convenience with Hyde Park's timeless charm.

Community Impact of the Redevelopment

The project could significantly enhance Hyde Park Village by bringing new amenities, expanded luxury shopping opportunities, and a sophisticated living environment. However, the redevelopment also means saying goodbye to longtime neighborhood staples. WS Development has committed to preserving the character of Hyde Park Village while ushering in an exciting new chapter focused on quality, experience, and vibrancy.

Fast Facts About the New Hyde Park Village Redevelopment

• Luxury boutique hotel with approximately 120 guest rooms
• 20–21 high-end condominium residences
• Several townhome-style residential units
• Curated retail and gourmet dining experiences
• Expanded modern parking facility
• Potential luxury tenants: Cartier, Hermès, Bottega Veneta

Stay Updated on Hyde Park Village Redevelopment News

As official announcements, architectural plans, and new tenant details are released, we’ll continue to provide updates. If you’re a fan of the current businesses at Hyde Park Village, now is the time to visit and enjoy them before construction begins.

Epic Realty Group is here to help you navigate these exciting changes. Whether you're looking to buy, sell, or invest in the Hyde Park area, the coming years could bring incredible opportunities. Stay tuned for more updates on this transformational project!