Business spotlight: Renaissance Center

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.