Project adds another best-in-class co-development partner for Midtown
Tampa, FL – May 30, 2019 – The Bromley Companies, developer of $500M Midtown Tampa, have selected Highwoods Properties (NYSE:HIW) as co-developer for the 150,000-square-foot Midtown One, the first of three planned Class A office towers.
“As the largest Class A office landlord in Tampa as well as a well-capitalized REIT with a great team, Highwoods is a strategic partner that we believe can add significant value to our overall Midtown development,” said Nicholas Haines, CEO, Bromley Companies. “Our partnership will deliver a first class urban office building to the tenants looking for a dynamic environment for their employees in Tampa.”
As one of Tampa’s most dynamic and largest office development projects in recent history, Bromley is creating a full-service experience at Midtown Tampa to deliver a complete suite of amenities like no other project in Tampa. Midtown will integrate the office tenant and employee experience with the surrounding development in ways that stand out among even the best Class A buildings in Tampa.
The first tower, Midtown One, is a key element of the overall master plan designed as Tampa’s first mixed-use, urban development and central pedestrian-friendly gathering place.
Ed Fritsch, CEO, Highwoods Properties stated, “We’re thrilled to have been selected by the Bromley Companies to co-develop the Midtown One office building, and to join the list of other best in-class development partners at Midtown Tampa. The Bromley Companies visioning and design for Midtown Tampa, combined with an irreplaceable location and strong financial backing from each of the development partners, gives us high confidence in the long-term outlook for Midtown One and the overall Midtown Tampa project.”
The first of three Class A office towers planned, construction for Midtown Tampa is already underway with completion expected in late 2020. In addition to the three office towers, Midtown Tampa will include 220,000 square-feet of experiential retail including unique healthy lifestyle and fitness brands, farm-to-market restaurants, outdoor and recreation activities, programmed events. In addition, a wide variety of entertainment options, a dual-branded boutique hotel, 390 units of high-end residential and experiences that will change daily.
“From Midtown One’s creative building design to unsurpassed amenities for office tenants, Midtown Tampa will rival the best live, work, and play destinations in the country,” said Haines.
Upon completion, Midtown Tampa will include three Class A office buildings totaling 750,000 square feet in its mixed-use development. The first tower, Midtown One, is a key element of the overall master plan designed as Tampa’s first mixed-use, urban development and central pedestrian-friendly gathering place.
Highwoods Properties joins other best-in-class co-development partners Crescent Communities and Concord Hospitality.
About Highwoods Properties
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (“REIT”) and a member of the S&P MidCap 400 Index. The Company is a fully integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa. For more information about Highwoods Properties, please visit our website at www.highwoods.com.
About Midtown Tampa
Spearheading Tampa’s dramatic transformation, the $500M Midtown Tampa is the city’s hottest new destination district. On 22 acres, Midtown Tampa is an authentic, new kind of mixed-use urban experience with 1.8 million square feet that includes retail, residential, three Class A office buildings, entertainment and hospitality. Already, Midtown Tampa has announced Whole Foods Market, Crescent Community’s Novel multifamily residential, True Food Kitchen, Ponte Group Restaurant, Aloft and Element Hotels by Concord Hospitality, and Midtown One office tower. Project completion is first quarter 2021. For more information about Midtown Tampa, visit www.midtowntampa.com
About The Bromley Companies
Founded in 1972, The Bromley Companies is a national real estate development and investment company that has built a portfolio of retail, office, industrial and student housing assets. Bromley began a substantial history of investing in the Tampa region more than 30 years ago. Since then, Bromley established a Tampa office and has owned and managed local real estate including a 60,000 square-foot Bromley Office Building. The leadership team has also been involved with the Westshore Alliance and Tampa Hillsborough County Economic Development Council. To learn more about The Bromley Companies, visit www.bromco.com.