{"id":1004713786,"date":"2024-05-16T03:00:33","date_gmt":"2024-05-16T11:00:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004713786"},"modified":"2024-05-16T04:25:29","modified_gmt":"2024-05-16T12:25:29","slug":"bromley-highwoods-top-out-83m-tampa-office-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bromley-highwoods-top-out-83m-tampa-office-tower\/","title":{"rendered":"Bromley, Highwoods Top Out $83M Tampa Office Tower"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004713789\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bromley-highwoods-top-out-83m-tampa-office-tower\/download-2-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/download-2-1.jpg\" data-orig-size=\"1200,900\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"download-2-1\" data-image-description=\"&lt;p&gt;Property at 1 Midtown Place, Tampa, Fla.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Property at 1 Midtown Place, Tampa, Fla.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/download-2-1.jpg?w=1024\" height=\"768\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/download-2-1.jpg?w=1024\" alt=\"Property at 1 Midtown Place, Tampa, Fla.\" class=\"wp-image-1004713789\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/download-2-1.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/download-2-1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/download-2-1.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/download-2-1.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">The 18-story project rises more than 200 feet, dwarfing the nearby structures. <em>Image courtesy of The Bromley Cos.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>A joint venture between The Bromley Cos. and Highwoods Properties has topped out Midtown East, an $83 million, 430,000-square-foot Class A office building in Tampa, Fla. The project is part of the $1 billion Midtown Tampa mixed-use development.<\/p>\n\n\n\n<p>Designed by Rule Joy Trammell + Rubio, Midtown East rises 18 stories\u2014making it the tallest building in Westshore. The developers broke ground in 2022 and completion is expected in 2025.<\/p>\n\n\n\n<p>Seeking LEED, Fitwel and Wired certifications, the development will feature smart energy management systems, outdoor access on every floor, a heat-reflective roof and floor-to-ceiling windows, as well as column-free floorplates.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/corenet-global-survey-looks-at-the-current-state-of-office-work\/\">Where Office Work Is Heading Now: CoreNet Global Survey<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Upon Midtown East&#8217;s completion, Bromley and Highwoods will jointly own 134,000 square feet of the property, encompassing five office floors and ground-level retail. The rest of the building will be occupied by Tampa Electric and Peoples Gas, <a href=\"https:\/\/www.commercialsearch.com\/news\/tampa-electric-peoples-gas-to-relocate-tampa-hq\/\">set to own 11 floors<\/a>\u2014equating to 298,000 square feet\u2014and relocate their headquarters for the first time since 1981.<\/p>\n\n\n\n<p>Located at 1 Midtown Place, at the intersection of Interstate 275 and North Dale Mabry Highway, the project rises next to Tampa\u2019s first True Food Kitchen, a restaurant backed by Oprah Winfrey and Andrew Weil.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-exploring-midtown-tampa-s-office-component\">Exploring Midtown Tampa&#8217;s office component<\/h2>\n\n\n\n<p>Midtown Tampa will include more than 700,000 square feet of office space, 390 multifamily units, 225 hotel keys, as well as 185,000 square feet of retail space. Additionally, a public space, dog park, 3-acre lake and recreational trail will be available.<\/p>\n\n\n\n<p>The mixed-use development sports a strong office leasing demand, with the existing office space being fully leased. Bromley and Highwoods also own Midtown West, a 152,000-square-foot office building completed in 2021.<\/p>\n\n\n\n<p>Last year, the joint venture secured a $45 million loan for the property. New York Life Insurance Co. originated the financing. The fully leased property includes tenants such as Nestle, Prudential, Primo Water, Kforce, South State Bank, Kast Construction and Savills.<\/p>\n\n\n\n<p>A recent <a href=\"https:\/\/www.commercialsearch.com\/news\/suburbs-dominate-coworking-space-expansion\/\">CommercialEdge report<\/a> reveals that Tampa had 412,350 square feet of office space under construction as of March 2024, representing 0.5 percent of stock. The metro\u2019s office vacancy rate clocked in at 12.7 percent, decreasing 350 basis points year-over-year. &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Midtown East is part of a $1 billion mixed-use development.<\/p>\n","protected":false},"author":3471,"featured_media":1004713789,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21742,21747,32781,1612],"tags":[52192,39002,52358],"class_list":["post-1004713786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-latest","category-office","category-southeast","category-tampa","tag-highwoods-properties","tag-rule-joy-trammell-rubio","tag-the-bromley-cos"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bromley, Highwoods Top Out $83M Tampa Office Tower - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"The Bromley Cos. and Highwoods Properties topped out Midtown East, a 430,000-square-foot Class A office building in Tampa, Fla.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bromley-highwoods-top-out-83m-tampa-office-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bromley, Highwoods Top Out $83M Tampa Office Tower\" \/>\n<meta property=\"og:description\" content=\"The Bromley Cos. and Highwoods Properties topped out Midtown East, a 430,000-square-foot Class A office building in Tampa, Fla.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bromley-highwoods-top-out-83m-tampa-office-tower\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-16T11:00:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-16T12:25:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/download-2-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Claudiu Tiganescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bromley-highwoods-top-out-83m-tampa-office-tower\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bromley-highwoods-top-out-83m-tampa-office-tower\/\",\"name\":\"Bromley, Highwoods Top Out $83M Tampa Office Tower - 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