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| Park Tower, Downtown Tampa, FL |
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| Larry Feldman |
In November 2016, a joint
venture partnership consisting of City Office, Feldman Equities LLC and Tower
Realty Partners acquired Park Tower for $79.75 million. These groups have partnered together and
previously renovated other notable office buildings in the downtown St.
Petersburg, Florida market.
The most dramatic change
at Park Tower will be the modernization of the 475,000 square foot office
building’s façade. In addition to
painting the exterior a lighter color, a new and dramatic entrance will feature
a ‘Light Box’ on one of the most prominent corners of Tampa. The building’s amenities will be also
upgraded with a striking new lobby.
“The renovation of Park
Tower will use glass and light to reposition this prominent historic structure
as one of the most notable and exciting buildings on Tampa’s skyline,” stated James Farrar, Chief Executive Officer
of City Office.
Internationally-renowned
architect Gensler is the designer for both the exterior façade and the building
amenities. The updated design extends a
brand to Park Tower that will create a Class-A experience that persists from
the sidewalk to the tenant door.
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| James Farrar |
“We are taking full
advantage of Park Tower’s location across from the Tampa Riverwalk,” said Larry Feldman, Chief Executive of
Feldman Equities LLC. “The removal of
high perimeter knee walls and installation of stunning glass storefronts with
bright lighting will immediately announce the entrance and make it inviting to
the streetscape.”
For a
complete copy of the company’s news release, please contact:
City Office REIT, Inc.
Anthony Maretic, CFO
+1-604-806-3366
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