Steelbridge To Transform, Rebrand SunTrust Center
Fresh from buying the 270k SF landmark in Fort Lauderdale, Steelbridge Capital plans to overhaul and rename SunTrust Center into Las Olas Square.
The project, which includes the 17-story office tower at 515 East Las Olas Blvd and its three-story sister retail building at 501 East Las Olas Blvd, was picked up by Steelbridge this past summer for some $90M.
While the exact price of renovations was not revealed (described only as a multimillion-dollar program), numerous changes will be made, including a complete overhaul of the retail property to create a boutique, mixed-use building with a new restaurant space, new lobby and a park-like central square with lots of seating and WiFi.
“Las Olas has for some time needed a central community plaza that supports its emerging status as a 24-hour downtown," says Steelbridge's Gavin Campbell.