CapTrust Building demolition makes way for $350 million Riverwalk Place: Tallest structure on Florida’s west coast

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The demolition of a six-story building in Tampa marks the start of work on a mixed-use condominium project that developers say will be the tallest building on Florida’s west coast.

The new structure replacing the CapTrust building on the Southwest corner of Ashley Drive and Whiting Street will be 53 stories tall, with the title, Riverwalk Place. It has an estimated $350 million construction cost.

Feldman Equities, Inc. and Two Roads Development are the owner/developer. Gensler designed the structure, while Adache Group is referenced as the Architect of Record.

“We are thrilled to show these designs to the Tampa community and are excited for Riverwalk Place to become an icon that Tampa will present to the world,” Gensler architect Shamim Ahmadzadegan said in a statement last year. “From the outset, our goal was to do more than just design another tall building. We wanted the project to activate the Riverwalk and contribute to the urban landscape of downtown Tampa.”

The building’s ground floor will be merged with the neighboring MacDill Park, complete with a 137-m (450-ft) promenade, featuring restaurants and shops, designed to encourage pedestrian connectivity and engagement.

Video: Tampa Bay Times

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