Trammell Crow Co. plans downtown office project

Trammell Crow Co. is getting another chance to develop a parcel in downtown Tampa near the University of South Florida. The Dallas-based developer has had its eyes on a four-block property on the southern end of Marion Street since 2007, but lost its chance when Collier Enterprises bought it for a residential development. Now, Collier Enterprises has agreed to sell the property to Trammell Crow, and the developer has started the rezoning process for a 20-story 450,000-square-foot office project, a 1,200-car parking garage and 350-room high-end hotel.

Bob Abberger, Florida senior managing director for Trammell Crow, says that first attempt is proving extremely valuable in speeding up the company's current efforts on the site.

“The office portion is materially designed,” he says “Having the building itself designed is a tremendous market advantage. We hope to be through zoning by yearend and then do a detailed site plan. We expect to be permit-ready by the middle of 2012.”