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Tampa's iconic 'Beer Can Building' to get renovation as new partnership takes over

  • mchadwick6
  • Jul 24
  • 1 min read


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, the Kiley Gardens that surround the building and the creation of move-in-ready speculative suites.


CoStar News


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