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St. Pete tower name blank


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  • | 7:39 a.m. January 21, 2011
  • | 2 Free Articles Remaining!
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Something is missing lately from One Progress Plaza, the tallest office structure in downtown St. Petersburg's central business district. The 28-story building, formerly known as Bank of America Tower, isn't identified by anything anymore.

That's because Bank of America moved its downtown branch from the building at 200 Central Ave. to nearby Sembler University Village late last year. Without the marquee tenant, the building's owner took down the name.

This presents a opportunity for another company seeking maximum brand identity to move into the building. Its owner, Kucera Properties, is marketing nearly 21,000 square feet of available space.

One Progress Plaza opened in 1990 and totals 295,000 square feet, plus retail space on the ground floor. Its current vacancy rate is around 15%, which is actually less than the 18% year-end overall vacancy average for all of downtown St. Pete, according to Cushman & Wakefield.

 

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