Developers of 53-story mixed-use Riverwalk Place scratch office space, will devote entire tower to condos and retail (Video)

Exterior Sky Residences

There is so much demand for condominiums in Riverwalk Place that its developers say they are scratching long-standing plans to combine office and residential space in one tower and will build only condos above retail and restaurant space.

It is a major departure from the original plans for the tower, which was proposed as a pioneering project for Tampa’s urban core — stacking residential units on top of office space and parking. One of the development partners in the project, Feldman Equities LLC, specializes in office space and hired an in-house commercial real estate broker to oversee the leasing and marketing of the office space within Riverwalk Place.

The commercial real estate market in downtown Tampa — for both office space and condominiums — is far more competitive now than it was when Feldman first proposed Riverwalk Place. New condos are proposed in downtown’s Channel district and within Water Street Tampa, and Water Street recently went public with plans to begin speculative construction on an office tower in early 2019.

View full article.