Southland Contractors has received permits (which will be valid until April next year) to demolish the CapTrust Building in downtown Tampa and to construct the foundation of Riverwalk Place - the 53-story mixed-use tower proposed at Ashley Drive and Brorein Street.

The developers of the tower released new renderings in September, ahead of the official opening of its sales center inside the Wells Fargo Center. The tower offers retail and restaurant space on the Tampa Riverwalk, structured parking, office space and 205 condominium units beginning on the 22nd floor.

Larry Feldman, CEO of Feldman Equities and a joint venture partner in the tower, said in a statement: “The demand for reservations for condominiums in Riverwalk Place has far exceeded our expectations, and this is before we officially open our sales gallery downtown. The project is well capitalized and we are taking a diligent approach to construction planning. These permits are an important step in that process and we are thankful for the great working relationship we have with the city of Tampa development staff.”

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