Park Tower - Downtown Tampa, Florida
|Location||400 N Tampa Street
Tampa, FL 33602, United States
|Roof||458 ft (140 m)|
|Floor area||472,460 sq ft (43,893 m2)|
|Designations||LEED Gold, EPA Energy Star|
Park Tower (formerly known as the Lykes Building) is a skyscraper located in downtown Tampa, Florida. It is Tampa's first high-rise tower. At the time of its completion in November 1973, it was the tallest in Florida, and is currently sixth-tallest in Tampa, at 460 feet (36 stories). It was the tallest building in Tampa until One Tampa City Center was built in 1981.
Park Tower is located in the heart of downtown Tampa directly across from The Tampa Riverwalk & Hillsborough River; Curtis Hixon and Gaslight Parks; the Glazer Children's Museum and the Tampa Museum of Art. It is within walking distance of the Tampa Convention Center, University of Tampa, and the David A. Straz Jr. Center for the Performing Arts.
In 2016 the tower was purchased by a joint venture consisting of affiliates of NYSE listed City Office REIT (NYSE: CIO), Feldman Equities LLC, and Tower Realty Partners for $79.75 million. The group commenced a multi-million dollar renovation in 2017 with completion scheduled for late 2018. The most significant change underway at Park Tower is the modernization of the office building's façade by painting the exterior a lighter color and upgrading the main entrance. The building's amenities are being upgraded with a modern lobby and the addition of Buddy Brew Coffee café. The office tower's updated design was created by internationally-renowned architect Gensler.
Since acquiring the property, new leases have been signed including the headquarters relocation of CAPTRUST Advisors, LLC, Buddy Brew Coffee and Continuity Logic, LLC. Anchor tenants include BB&T, United States Department of Justice - US Attorney's Office, Level 3 Communications and Lykes Insurance.
Park Tower is LEED EB Gold Certified and EPA Energy Star certified.
The tower's amenities include FedEx Office, U.S. Post Office, BB&T Bank, Grow Financial Credit Union, Pearl Salon, Nature's Table Café, a fitness center, conference room and coming in 2018 a 6th floor tenant lounge, lobby concierge and Buddy Brew Coffee.
Park Tower is the "Telco-Hotel" for the region, with a major telephony and internet presence. Tenants with a major Point of Presence (POP's) and Central Offices (CO's, AKA Telephone Exchanges) include Century Link, Level 3 Communications, Global Crossing, TW Telecom (formerly Time Warner Communications) XO Communications, Verizon Communications, Frontier Communications, Verizon Business (MCI, UUNET, World Comm), Windstream Communications (formerly Earthlink, ITC Deltacom, PAETEC,USLEC, NUVOX, and Florida Digital Networks), AT&T, Cogent Communications, FiberLight, FPL FiberNet, Spectrum Communications (formerly Bright House Networks), Summit Broadband (formerly US Metropolitan Telecom), and WOW Business Services (Wide Open West, a carrier-neutral colocation data center formerly known as E Solutions Corporation WOW!).). Also, Tampa Internet Exchange http://tampix.com/ is located within the WOW Business Data Center.
The building has two underground 13.2kV electrical feeds from the utility power company, one of which is from the high-priority medical grid and multiple diverse entry points for fiber optic and other data cabling. Park Tower is home to a large underground Federal Reserve Vault. The building also features video-enhanced 24x7x365 on-site security.
When it was originally built, the tower was the home of The First National Bank of Tampa, later First National Bank of Florida (First Florida Corporation). Park Tower was also the headquarters of the Lykes Brothers Corporation. The tower was purchased by Sterling American Property of New York City for $27.4 million in 2006 and underwent its first restoration including newly renovated elevators, air conditioning, and replacement of much of the electrical distribution system. The building later became the downtown Tampa headquarters of Colonial Bank, now BB&T. BB&T's sign is still featured on the top of the building.