Feldman Equities, LLC (“Feldman Equities”) and its joint venture partners proudly announce the completion of an extensive multi-million-dollar renovation of City Center, a premier Class A office building in downtown St. Petersburg.
The transformation of the 242,115-square-foot property reflects the joint venture’s commitment to providing an unparalleled workplace experience, aligning with the ongoing ‘flight to quality’ trend as companies seek top-tier office environments post-COVID. The revitalized City Center now boasts a contemporary redesign, enhanced amenities, and state-of-the-art facilities tailored to meet the evolving needs of today’s workforce.
City Center’s renovation enhances both aesthetics and functionality, offering tenants a more modern, efficient, and inviting workspace. Key highlights of the renovation include:
- A redesigned atrium lobby featuring modern finishes and welcoming lounge spaces.
- A new fitness center with top-tier equipment, sauna, locker rooms, showers, and bicycle storage to promote wellness for tenants.
- A state-of-the-art conference center with seating for up to 60 attendees, providing an optimal setting for meetings and collaboration.
- A stylish coffee and sandwich bar, Bean Wandering, offering a cozy atmosphere with indoor and outdoor seating.
- Revamped exterior entrances, featuring new doors, enhanced landscaping, and upgraded lighting to create a striking and welcoming presence.
“We are delighted by the outcome. City Center is now the most modern building in downtown St. Pete after already boasting some of the best water views in the city. The glowing reception from our tenants and leasing prospects has validated all the hard work and investment,” said Larry Feldman, CEO of Feldman Equities, which leads City Center’s leasing.
City Center’s premier location places it at the heart of downtown St. Petersburg, adjacent to Al Lang Stadium and luxury condominiums, with proximity to the city’s renowned waterfront parks and vibrant retail scene. The renovation aligns with the market’s ongoing trend of tenants gravitating toward properties offering exceptional amenities and a strong sense of place.
Originally acquired in 2010 by a joint venture of City Office REIT, Feldman Equities, and Tower Realty Partners, City Center has witnessed significant leasing momentum.
About City Office REIT, Inc.
City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating office properties located predominantly in Sun Belt markets. City Office currently owns or has a controlling interest in 5.4 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.
About Feldman Equities, LLC
Over the past 30 years, Feldman Equities has developed or acquired over eleven million square feet of office and retail properties with an aggregate value in excess of $3 billion. Feldman is a “re-inventor” of the office building and specializes in turning around distressed office assets. Feldman Equities and its partners own and manage 2 million square feet of office space in the Tampa Bay area. www.feldmanequities.com
About Tower Realty Partners
Tower Realty Partners is a privately held, commercial real estate investment & management company based in Orlando, Florida. Founded in 1987 by principals Cliff Stein & Reid Berman, Tower Realty partners has been involved in the acquisition, leasing, and management of over 20 million square feet of real estate totaling in excess of $1.6 billion in transactions. www.towerrealtypartners.com
