Remember that sweet, old house that burned down at the corner of Palm Avenue and Tampa Street in Tampa Heights? Well, it’s about to look really different on that corner of the Bay area’s most rapidly changing neighborhood.
Armature Works developer SoHo Capital recently announced that it would break ground on its Heights Union Creative Office Center this month. According to a release, the 342,000 square foot building should be ready for occupancy by 2020.
And yes, you Instagram fiend, a rooftop deck is planned for the construction which also includes two six-story, Class AA office buildings with 42,000 square feet of ground-floor retail and a tree-lined linear park.
According to the Tampa Bay Times, gross rents will be in the mid $30s per square foot and will include four parking spaces per 1,000 square feet leased (there’s an adjacent 1,500-space parking garage planned, too). That price is apparently lower than it is at Water Street Tampa (mid $40s at Sparkman Wharf and low-to-mid $50s at a 20-story tower planned to break ground next spring). It’s also lower than the Midtown Tampa complex, where rent is in the low-to-mid $40s for Midtown One, the first of three office buildings).
Last month, AxoGen — a medical technology company that specializes in creative surgical solutions — signed a 14-year lease for 75,000 square feet at Heights Union. Co-work space giant WeWork is also slated to take over two floors, and DPR Construction (the company building Heights Union) is set to move in, too.
“Heights Union will attract a wide range of companies that are looking to inspire talent and create an adaptable workspace that promotes collaboration in a high-tech, stylish and comfortable environment,” Chas Bruck, principal at SoHo Capital and developer of The Heights, said in a statement.