The joint venture partnership is planning millions of dollars in improvements to the cylindrical limestone tower. By Ashley Gurbal Kritzer – Editor at Large, Tampa Bay Business Journal Apr 6, 2026 View Full Article: https://www.bizjournals.com/tampabay/news/2026/04/06/rivergate-tower-andrew-wright-ally-capital-group.html

Tampa's iconic Rivergate Tower is slated to receive an $8 million renovation following an ownership shakeup that added a local private equity investment firm to the team. Banyan Street Capital recapitalized the 31-story tower in a joint venture by bringing on Ally Capital Group as a partner for an undisclosed sum. The partners said they plan to launch a renovation of what locals affectionately call the "Beer Can Building" that will include upgrades to the city’s Riverwalk, th

Ally Capital Group and Banyan Street have partnered to recapitalize Rivergate Tower in downtown Tampa, marking a new joint venture between two active Florida real estate investors. The 31-story office tower at 400 N Ashley Drive is one of the most recognizable buildings in Tampa’s skyline, known for its cylindrical design and waterfront position along the Hillsborough River. Terms of the transaction were not disclosed. April 6, 2026by Chuck Merlis View Full Article:...

Three major Tampa Bay players in construction, development and design have, together, acquired a building in Ybor City. The building,...