An exterior architectural photograph by Ray Roa showing Hidden Springs Ale Works in Tampa, Florida on Nov. 3, 2026. Captured in a wide low-angle shot under a blue sky with scattered clouds, a grey building featuring a vibrant two-tone blue and grey painted exterior wall is painted with a large mural. At center, the logo mural depicts a stylized blue-and-white bird wearing a top hat with gear cogs inside a circle bordered by the text "HIDDEN SPRINGS ALE WORKS", set above painted red poppy flowers on the lower-left, a narrow exterior door frame, and a utility pole on the right under bright daylight.
Hidden Springs Ale Works in Tampa, Florida on Nov. 3, 2026. Credit: Ray Roa / Creative Loafing Tampa Bay

Earlier this month, Hidden Springs Ale Works announced it was leaving the Tampa Heights block it has called home since 2015. This week it filed for bankruptcy. 

According to a Chapter 11 bankruptcy reorganization filed on Nov. 11 in the Middle District of Florida bankruptcy court, the local brewery was unable to negotiate an agreement with a new ownership group that terminated the existing lease after acquiring the building, located at 1631 N Franklin St.

Hidden Springs, which was co-founded by Joshua and Jacqueline Garman and Austin Good, said in the filing that it currently has approximately $1.67 million in secured and unsecured debt, after annual gross revenue fell from $511,600 in 2024 to $403,390 in 2025.

The company listed names of creditors in the records, including Celtic Bank Corporation, American Express, City of Tampa Utilities, Florida Dept. of Revenue, and others.

A Chapter 11 filing does not necessarily mean that a business is closing, but it does allow businesses to reorganize their debts while continuing operations under court supervision. In this week’s bankruptcy filing, the company said it plans to shift to a distribution and wholesale business model, selling beers at local bars, grocery stores, etc.

Hidden Springs’ Tampa Heights exit was previously announced back on Nov. 3, when the brewery posted toInstagram that it was planning to close the tasting room on Sunday, Dec. 20 and search for a new location.

Records from the Hillsborough County Property Appraiser show that the building was acquired last August for $4.15 million by Channelside Partners LLC and Abacus Ybr LLC. Those LLCs are connected to Raj Patel, who started to assemble property in the Channelside district in 2015. Patel also serves as the at-large chair of the city’s Tampa Heights Riverfront Community Advisory Committee.

The Hidden Springs bankruptcy comes as dozens of Tampa Bay breweries, bars and restaurants have closed this year, citing everything from a tanking economy, rising inflation, ongoing hurricane recovery costs, changes in drinking patterns, and even GLP-1 weight loss medications.

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This article appears in Nov. 12 – 18, 2026.

Colin Wolf has been working with weekly newspapers since 2007 and has been the Digital Editor for Creative Loafing Tampa since 2019. He is also the Director of Digital Content Strategy for CL's parent...