Feldman Equities’s 50-plus story tower in Tampa, Riverwalk Place, is a step closer to becoming a reality.
Two Roads Development is joining the project as a partner and co-owner, and will be in charge of handling the mixed-used tower’s residential condos, which make up about 35 stories of the building, according to the Tampa Bay Times. Two Roads will be handling design of the more than 200 units, as well as marketing and sales.
The announcement comes amid Feldman’s ongoing lawsuit with the company that claims it was supposed to be managing the development and sales of the residential portion of the project. The company behind the suit, Riverwalk Tower Investment–Intown LLC, says it was pushed off the project after making the suggestion to downsize the office portion of the project, currently slated to take up about 10 stories, which is being handled by Feldman.
“I can’t emphasize enough that this (suit) is a minor issue, it really does not have any effect ton the project,” CEO and president Larry Feldman told the Times. He also denied that Intown had any ownership stake in the project.
The plans for the tower, which sits on the Trump Organization’s original site for its failed Trump Tower Tampa, are being designed by Gensler and are supposedly nearly complete. The tower, when completed, will be the tallest tower on the Gulf Coast of Florida. [Tampa Bay Times] — Erin Hudson