Denholtz Associates Completes Renovation of Landmark Downtown St. Petersburg Office Building
St. Petersburg, FL. (May 9, 2017) – Denholtz Associates has announced the completion of a multi-phase renovation project at their 238,699-square-foot office building located at 490 First Avenue in St. Petersburg, Florida. The landmark eight-floor, Class-A office building was acquired last year by Denholtz Associates and joint venture partner, Convergent Capital. The Times Publishing Company signed a 15-year lease renewal for 113,311 square feet at the building earlier this year in anticipation of the renovations.
Residing in the heart of downtown St. Petersburg, 490 First Avenue was originally constructed in 1924 and is now comprised of three modern and integrated buildings with additions being completed in 1968 and 1988. With an eye towards making the space appealing to today’s tenants and employees, Denholtz Associates embarked on a complete renovation of the building’s lobby, café, elevator lobbies, restrooms, entry plaza and exterior façade. Lighting, wall fixtures and flooring were updated throughout the building to provide bright and welcoming communal spaces to tenants, employees and guests alike.
“Since purchasing 490 First Avenue last year, we have sought to create a modern and welcoming office space designed to attract and retain top talent and tenants,” said Steven Denholtz, CEO of Denholtz Associates. “Our lease renewal with the Times Publishing Company signifies the successful execution of this plan and showcases how renovations of this type fit into our risk-adjusted, multi-tenant strategy.”
490 First Avenue currently has leasing opportunities in a variety of configurations ranging from 2,000-sq-ft to 40,000-sq-ft. For more information regarding available leasing opportunities at 490 First Avenue conta
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