In prep for demolition to make way for Riverwalk Tower, Feldman shuffles office tenants
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: Jul 19, 2017

A familiar name along downtown Tampa's Riverwalk will move a few blocks north later this year as its landlord prepares to knock down its home of nearly 20 years.

CapTrust Advisors, whose name adorns the CapTrust building at 102 W. Whiting St., has signed a lease for 10,500 square feet in Park Tower.

The ownership of CapTrust building and Park Tower have a mutual partner: Feldman Equities LLC, which owns a stake in both properties.

Feldman Equities is planning the 53-story, mixed-use Riverwalk Tower on the site of the CapTrust building and adjacent vacant lot. In late 2016, Feldman partnered with City Office REIT to buy Park Tower, Tampa's first skyscraper, and has since unveiled a glitzy, multimillion-dollar renovation plan.

Relocating tenants out of CapTrust building is another sign that Riverwalk Tower - a highly anticipated, first-of-its-kind-in-Tampa project that will transform the city's skyline - is moving forward.

A timeframe for beginning construction hasn't yet been revealed, but a modular sales center for condos in Riverwalk Tower will be placed on the vacant lot in October or November.

CapTrust is moving to the 18th floor of Park Tower, which is seeing increased interest from office tenants since the renovation plan was revealed, said Mike DiBlasi, executive vice president of leasing for Feldman.

"The plan to reposition this historic structure as one of the most notable and exciting buildings on Tampa's skyline is resonating with prospects," DiBlasi said in a statement. "We are seeing interest from quality conscious firms for whom high-end finishes and amenities are a must.”

Ashley Gurbal Kritzer is senior reporter for the Tampa Bay Business Journal.