Friday, November 17, 2017
News Roundup

Plans moving ahead for downtown Tampa's first office tower in 20 years

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The real estate firm behind the SouthGate Tower project has provided a glimpse of what could be the newest addition to Tampa's waterfront skyline.

Trammell Crow Co. plans to break ground on SouthGate Tower, a 20-story office building with a 1,200-car parking garage, early next year. It is expected to be completed by early 2015, and the adjacent 350-room upscale hotel is expected to be finished by 2016.

The project, once seemingly doomed by the economic downturn, is expected to rise near the Tampa Bay Times Forum off the Lee Roy Selmon Expressway. SouthGate is designed to reduce solar exposure and will feature energy-efficient lighting and water-conserving fixtures.

It will be downtown Tampa's first new office tower in 20 years.

Because it will be close to the nightlife and business amenities of downtown Tampa, Bob Abberger, managing director of Trammell Crow Co., said the tower is a prime example of the "work, live, play" concept.

"It's the right product for downtown," he said. "It is where corporate America wants to be."

While there are no committed tenants yet, Abberger said the company is in negotiations with several possible tenants and has been fielding calls from many interested parties.

By the time SouthGate Tower is completed and ready, Abberger said, law firms, banking firms and other service industries that could use the large spaces will be in the right place financially to sign a lease.

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