Tampa, FL – August 19, 2011 – (RealEstateRama) — Trammell Crow Company (TCC) is pleased to announce it has initiated the rezoning process to support the development of a 450,000-square-foot office development and 350-room hotel in Tampa’s Central Business District (CBD).
Comprising approximately four city blocks, the site is currently owned by Collier Enterprises and sits at the southern end of Marion Street, between Florida Avenue and Morgan Street. It is located directly east of the new CAMLS facility under development by the University of South Florida.
The entire project includes a 20-story, 450,000-square-foot office building, a 1,200-car parking garage, and a 350-room, four-star-plus business class hotel.
“The office building will set a new standard for the market in Tampa’s CBD,” said Bob Abberger, Florida Senior Managing Director for TCC. “The building will be designed to LEED® Gold Standards and feature large, 28,000-square-foot floor plates. The supporting parking garage also elevates the project among existing office buildings in downtown. The hotel will benefit both the office development as well as the demands of the new CAMLS facility and other downtown activities.”
Positioned for the northwest quadrant of the site, the hotel will benefit from the proximity to CAMLS, the Convention District and the St. Pete Times Forum. TCC has not yet secured a hotel brand (or ‘flag’) and the site design will remain flexible pending that decision.
Accessibility of the site is supported by true transit-oriented development with near-direct access via primary north/south arterials, the Crosstown Expressway, Marion Transit Center and the TECO Line Streetcar System.
“The project as conceived will offer attributes no other building in the CBD or suburban markets can with consideration to access, efficiency, quality, and supporting amenities,” said Abberger.
About Trammell Crow Company
Trammell Crow Company, founded in 1948, is one of the nation’s leading developers and investors in real estate. It has developed or acquired over 525 million square feet of buildings with a value exceeding $55 billion. As of June 30, 2011, Trammell Crow Company had over $3.5 billion of projects in process, $1.4 billion in its pipeline and $1.4 billion in long term operating assets.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 14 major cities throughout the U.S. and in Canada. The company serves users of, and investors in, office, industrial, retail, healthcare, multi-family residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company offers large strategic joint ventures, opportunity funds, and other targeted investment options.
Trammell Crow Company is an independently operated subsidiary of CB Richard Ellis Group, Inc., the world’s largest commercial real estate services firm (based on 2010 revenues). For more information visit www.TrammellCrow.com.
CONTACT INFORMATION:
Bob Abberger
Senior Managing Director, FL
Trammell Crow Company
813-383-3700
rabberger (at) trammellcrow (dot) com
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Sent on behalf of Trammell Crow Company
Lauren Crawford | Communications and Media Manager, Florida
CB Richard Ellis | Marketing & Communications
201 E Kennedy Blvd, Suite 1500 | Tampa, FL 33602
T 813 273 8482 | F 813 223 7144
lauren.crawford (at) cbre (dot) com | www.cbre.com/florida
