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News - Appraisal Development International - Commercial & Residential Real Estate Property Appraisers Clearwater St. Petersburg Tampa
TAMPA - Bob Abberger says he has the cure to fight the exodus of companies from downtown Tampa to glitzier buildings in the West Shore district and the suburbs: a 20-story, 450,000-square-foot office tower and 300,000-square-foot hotel erected in the shadows of the Channelside District.
Abberger, managing director of real estate firm Trammell Crow Co., filed zoning papers Thursday for the $350 million project that could encompass four city blocks north of the Crosstown Expressway.
The project includes the main office tower, a separate tower to house a 350-room upscale hotel and a parking garage with 1,200 spaces.
predicted the project will help the struggling Tampa economy.
"It's going to be a huge generator," he
"It can be a game changer for downtown."
acknowledged that the downtown office vacancy rate hovers at about 20 percent.
said if you strip away the lesser quality buildings, the vacancy rate is in the single digits.
The office tower would also attract tenants because it will be the first new one built around downtown in more than 15 years, he
"You have the best, then you have the rest," Abberger
"I know what it means to set a new standard."
has not secured financing for the project.
expects backers to come on board after tenants agree to leases.
Talks are under way with high-end hotels to anchor the project, which could break ground late next year, Abberger
Construction on all buildings could be completed in 2014.
Businesses that have left downtown want their employees all on one floor, not scattered across several, Abberger
plans to seek a LEED certification for energy efficiency in the tower.
The building's proximity to the Channelside entertainment district, Abberger
said, will provide something that other downtown towers can't: less congestion and less traffic.
The project is similar to the Prime Meridian Center
, a 20-story building, which Abberger
wanted to build in 2007 across from the St. Pete Times Forum before the real estate market soured the following year.
pointed to his
spearheading the Marriott Waterside
, the luxury hotel his
company completed in 2000 despite a chorus of doubters.
The 700-room hotel, the city's largest, made a lot of money for his
Abberger once chaired the Greater Tampa Chamber of Commerce's Committee of 100, the chamber's business recruitment arm.
Mayor Bob Buckhorn recently appointed Abberger to the city's Economic Competitiveness Committee, a group tasked with streamlining city development rules.
is optimistic about Tampa's economy and future.
"Now is the time to stop looking down and start looking up," he
Membership Area | About the Chamber : Board of Directors
Robert AbbergerTrammell Crow Company
Recent Announcements and News for the Tampa Bay Business Community
One of Meidel's counterparts, Bob Abberger, isn't worried about land.
But he frets about how stiff the competition will be for the $200-million.
One or two deals could consume an appropriation that's supposed to last several years, said Abberger, chairman of the Greater Tampa Chamber of Commerce's Committee of 100.
Hillsborough County will continually have to tug at the hem of Enterprise Florida
, which administers the incentives, or risk losing out.
"You'd hate to miss a key high-wage job creator because you weren't in the pipeline,'' Abberger
Developer Will Succeed Genshaft in Chamber Post
The Greater Tampa Chamber of Commerce has tapped developer Bob Abberger to take over as chairman of its influential economic development arm, the Committee of One Hundred, after USF president Judy Genshaft finishes her term this year.
...Genshaft will introduce Abberger in the newly created post of vice chairman during the panel's annual dinner this month, the Times has learned.
...Abberger, head of Florida development for the Trammell Crow Co. and managing director of its Tampa office, is on a weeklong, chamber- sponsored mission in Mexico and was not available for comment.
The Mexico trip dovetails into Abberger's current role as chairman of the international committee for the Committee of One Hundred."Bob is a real creative guy and a real entrepreneur," said TECO Energy president John Ramil, immediate past chamber chairman.
...A familiar face in civic and development circles, Abberger previously headed the chamber's transportation committee.He
also has been active as a board member of the Hillsborough Area Regional Transit Authority
has supported the chamber's efforts to lure more than financial services companies to the area.Last year, Abberger
applauded the chamber's hiring of Myron Hughes to lead a multifaceted approach toward recruitment that includes bioscience, manufacturing and distribution and international trade.
"We didn't want to be a one-legged table based on financial services," Abberger
said at the time.
...Abberger will be vice chairman in 2005 and take over the chairmanship in 2006.
The notion of creating a vice chairman for the Committee of One
Hundred came out of a task force studying ways the economic development group could improve governance.Under the new procedure, a nominating committee passes on its suggestion for leadership of the group to the business leader next in line to lead the chamber, in this case Tampa accountant Jose Valiente, who agreed to appoint Abberger.
Robert AbbergerManaging Director - Florida Development ServicesPhone: email@example.com