TAMPA, FLA. — A partnership between Feldman Equities and Two Roads Development has announced plans for Riverwalk Place, a 50-story, mixed-use development located on Ashley Drive in downtown Tampa.
The building will be the tallest on the west coast of Florida, according to the development team. The property will include 10 floors of office space and 33 floors housing more than 200 luxury condominiums accessed by private elevators.
The property will also feature an integrated parking structure connected by plaza with up to five waterfront restaurants and retail tenants. The development may also feature an adjacent marina for use by residents.
An existing building on the property has been vacated, and will be demolished soon in preparation for construction. A timeline for the development was not disclosed, and a rendering has not yet been released.
Both parties of the joint venture have invested significant capital into the project, which is currently in the pre-construction phase. The next phase of development will include taking reservations and deposits, followed by going to market for construction funding. Reid Boren, managing partner of Two Roads Development, has noted that several banks are willing to provide financing prior to reservations being taken, but the developer prefers to wait.
West Palm Beach-based Two Roads Development will take a leading role in the design, construction and sale of condominiums and services at the property. The company has built and financed more than $1 billion worth of developments, and is currently developing a 57-story tower in Miami named Elysee Miami and a master-planned, 1,400-acre community in Freeport, Fla.
Feldman Equities — alongside its joint venture partners — owns or manages more than 4 million square feet of office space in Florida. The company has developed or acquired over 11 million square feet of office and retail properties with an aggregate value exceeding $3 billion over the last 30 years.
— Katie Sloan