53-story mixed-use Riverwalk Place in downtown Tampa pulls permits for its foundation, CapTrust demolition

One of the most closely watched real estate developments in downtown Tampa appears to be inching toward breaking ground. Southland Contractors has received permits to demolish the CapTrust Building and to construct the foundation of Riverwalk Place, the 53-story mixed-use tower proposed at Ashley Drive and Brorein Street.

A spokesman for the developer declined to comment Thursday about a timeline for beginning construction. The permits were issued Oct. 1 and expire April 6, 2019.

The developers of the tower — a partnership between Feldman Equity, Tower Realty Partners and Two Roads Development — in September released several new renderings ahead of the official opening of its sales center inside the Wells Fargo Center.

The tower includes retail and restaurant space on the Tampa Riverwalk, structured parking, office space and 205 condominium units beginning on the 22nd floor.

Prices range from the $600,000s to $2 million.

“The demand for reservations for condominiums in Riverwalk Place has far exceeded our expectations, and this is before we officially open our sales gallery downtown,” Larry Feldman, CEO of Feldman Equities and a joint venture partner in the tower, said in a statement.

“The project is well capitalized and we are taking a diligent approach to construction planning. These permits are an important step in that process and we are thankful for the great working relationship we have with the city of Tampa development staff.”

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