Crowdfunding proves popular for downtown St. Pete’s First Central Tower

First Central Tower

In less than a week, Feldman Equities raised $21 million of its $22 million goal for investor funding for First Central Tower in downtown St. Petersburg.

The company is recapitalizing the high-rise office building at 360 Central Ave. and has opened opportunities for real estate investors to get an ownership stake on July 15.

This is the third time Feldman Equities, a Tampa-based company that owns or manages more than 4 million square feet of Florida office space, has crowdfunded investments in its properties.

“It blew away our last record, both in speed and amount,” said Mack Feldman, vice president of Feldman Equities.

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