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Commercial Real Estate
Business Observer Friday, Nov. 24, 2017 2 years ago

Business spotlight: Renaissance Center

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New Jersey-based Vision Properties has unveiled renderings for a pair of new office buildings the company intends to develop within its 71-acre Renaissance Center, in Tampa's Westshore district.
by: Kevin McQuaid Commercial Real Estate Editor

New Jersey-based Vision Properties has unveiled renderings for a pair of new office buildings the company intends to develop within its 71-acre Renaissance Center, in Tampa's Westshore district.

Vision's $120 million development plan, which also includes the addition of hundreds of new parking spaces and a doubling of an existing food court, comes in the wake of an April lease with Auto Club Group for the entire 150,000-square-foot Renaissance Center VI, which it began late last year on a speculative basis. Renaissance VI is slated for delivery early in 2018.

The new buildings by Vision, which paid $108 million for the five-building park in February 2016, will add a total of 400,000 square feet. Approval of a major modification to its master plan last summer also will allow for the development of a 200-room hotel.

“Renaissance Center VII will provide a world-class, modern work environment with countless amenities,” says William Bertolero, a Vision partner based in Tampa.

The 8705-8745 Henderson Road complex is today fully occupied by WellCare Health Plans Inc. and Capital One Financial, which developed the site beginning in 1997.

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