Downtown Tampa's most iconic office tower has a new owner
By Ashley Gurbal Kritzer
Tampa Bay Business Journal
Published: Apr 6, 2026

Rivergate Tower, downtown Tampa’s iconic cylindrical limestone tower, has a new owner.

Ally Capital Group, led by Franklin Street founder Andrew Wright, has partnered with Miami-based Banyan Street Capital to recapitalize Rivergate Tower. Banyan, which also owns Tampa City Center and Bank of America Plaza in downtown Tampa, has owned Rivergate Tower since 2015. A recapitalization restructures a commercial property’s ownership structure and financing.

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