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,...

A taste of Tampa is coming to St. Petersburg, with a plan for a second location of Forbici Modern Italian to open downtown. The popular...

One of Tampa’s most heralded Italian restaurants is opening an expansive new St. Pete outpost next year. The fan favorite Forbici will...

A taste of Tampa is coming to St. Petersburg, with a plan for a second location of Forbici Modern Italian to open downtown. The popular...

The ownership group behind Forbici Modern Italian has announced plans to bring a unique concept to a reimagined Sundial plaza in the...

For the first time in several years, a new hospitality concept is headed to downtown St. Pete’s Sundial mall at 153 2nd Ave. N. According...

Forbici is one of the top spots in all of Tampa for fine Italian cuisine — and Next Level Brands has confirmed that the restaurant will...

With the announcement of Forbici Modern Italian coming to Sundial, in St. Petersburg, the owners of Sundial, Paradise Ventures, say it...

The Exchange Hotel, located at 234 3rd. Avenue N., has served as a hotel in the city for decades, but it is not a historic structure;...

New renderings and details have surfaced on plans for an apartment complex that will rise at the site of the Exchange Hotel. Tampa-based...

Tampa real estate investor Andrew Wright's Ally Capital Group has acquired the Urban Centre, an office complex in the heart of Westshore....

Ally Capital Group has paid $123 million for Urban Centre, a two-building office complex totaling 548,054 square feet in Tampa, Fla.,...

Urban Centre, located in the Tampa, Florida submarket of Westshore, has been sold Tampa-based real estate firm Ally Capital for $123...