Office complex clears hurdle

The development at [tag]Suncoast Parkway[/tag] and [tag]State Road 54[/tag] could be larger than [tag]Tampa[/tag]’s [tag]Bank of America[/tag] tower. Swiftmud’s permit approval puts it one step closer to reality.

The [tag]Southwest Florida Water Management[/tag] District’s governing board paved the way Tuesday for a 1.2-million-square-foot office complex at the Suncoast Parkway and State Road 54 that would eclipse Tampa’s Bank of America tower in square footage. The vote approved a permit for a developer’s pond excavation plans.

Alabama’s [tag]Colonial Properties[/tag], a $5.6-billion, New York Stock Exchange-listed investment trust with expertise in mixed-use projects, is said to be one developer interested in the project. Blanco shared site plans Tuesday that showed three proposed eight-story office towers with 230,400 square feet each. The balance of the square footage would be built on 20 additional acres that Weiland wants to buy from Blanco, to enhance the visibility of the towers from the Suncoast Parkway, Blanco said. Blanco’s property is closer to the parkway than the [tag]Westfield-Weiland[/tag] project is.

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