The site for a new College of Business at the University of South Florida St. Petersburg will include a new three-story, 66,000-square-foot facility on 2.5 acres of the main downtown campus.
Expected cost for the project: $25 million.
USF St. Petersburg unveiled plans for the business building Thursday afternoon in anticipation of the start of the state legislative session this coming Tuesday. The university will seek state funding for the new facility.
The location now houses the old "Piano Man" building on the university campus at 701 3rd Street S, and is used for various faculty offices and some science teaching.
USF St. Petersburg interim Chancellor Bill Hogarth said in an interview that the university expects to open the new College of Business facility in time for the fall 2015 semester.
"A lot of good things are happening in the College of Business," Hogarth said. "That's why we need to get them into their own building."
St. Petersburg architecture firm Harvard Jolly was named earlier to design the new building.
The College of Business has been without a facility of its own since it gave up its space on the third floor of the National Oceanic and Atmospheric Administration building near the south edge of the campus. The business school, run by Dean Maling Ebrahimpour, has 2,000 students.
Hogarth said the College of Business is now the top new construction project for the entire USF system, including the Tampa and Sarasota-Manatee campuses.