Going up: Riverview Tower at Suntree will offer office, retail space, eye-popping vistas
Robert Kodsi will realize his dream of building a high-end office and retail building overlooking the Indian River Lagoon when Riverview Tower at Suntree is completed.
Robert Kodsi had a dream of building a high-end office and retail building at U.S. 1 and Suntree Boulevard when he bought the 3.15-acre parcel from Wuesthoff Health Systems in 2006. But the economic downturn put those plans on hold.
Now with the economy slowly gaining momentum, Kodsi, a partner at Merritt Island-based Tricon Development of Brevard, is ready to move forward with his vision.
Permits are almost complete and ground-breaking is expected to take place within the next few months on Riverview Tower at Suntree, a five-story, 80,000-square-foot building. The project will offer Class “A” retail and office space ranging from 450 square feet to an entire floor, Kodsi said.
“It’s going to be unique,” Kodsi said. “It’s going to be a really nice project.”
Planned on a natural bluff about 20 feet above U.S. 1, Riverview Tower will live up to its name, providing offices on the top floors with unobstructed views of the Indian River. Its elevated location also will allow for underground parking for about 100 vehicles, a unique feature in Brevard, according to Kodsi.
“We’re targeting higher-end class tenants who want to be in a prestigious building,” said Kodsi, a Baytree resident and father of three boys. “We also want to accommodate Brevard’s market by providing spaces for all sizes.”
Five or six retail businesses will occupy the building’s 12,000-square-foot first floor.
“Discussions are under way with several retail and restaurant prospects,” he said.
Charine Lewis and Jewel McDonald of JM Real Estate will market Riverview Tower.
“We are happy to work with JM Real Estate, a very well-respected commercial real estate firm in Brevard County that specializes in Class A product,” Kodsi said.
Kodsi originally had plans for a larger building on the site, but opted for a smaller complex two years ago in light of the economic climate at the time and to make the structure more attractive to the area. The result is a building that will feature energy-efficient units, two lobbies, elegant common area interiors with first-class finishes, common area restrooms on each floor, available signage, backup generators and professional in-house property management from Tricon.
Many trees at the site will be spared and more will be added, Kodsi said. “We’re giving a conservation easement to the county which will remain untouched,” he said.
Tricon, which specializes in oceanfront condominium development from the Space Coast to the Treasure Coast, also is heavily involved with commercial development and management. Kodsi recently inked a deal with Publix to redevelop a 65,000-square-foot shopping center in Osceola County.
Tricon plans on handling construction of Riverview Tower.
“This is why we’re unique,” said Kodsi, who grew up in Cocoa Beach and graduated from the University of Southern California with a degree in real estate finance, then returned to Brevard two decades ago to go into business with his father, Maurice.
“We are both developer and contractor, which provides an advantage of speed and efficiency.”
Location should be a big selling point, Kodsi said.
“You’re close to I-95, you’re close to Pineda, close to the courthouse and very central in the county,” he said.
“Tricon will move from the Merritt Island office it has occupied since 1979 into the new building and will occupy about 5,000 square feet, Kodsi said.
“With the growth of Viera and what’s happening there, I think that this strategically located property can pull in people from all areas of the county,” he said.
For more information, call 321-453-5360 or go to tricondevelopment.com.