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Demolition of downtown Tampa CapTrust building to begin Wednesday, traffic will be affected for weeks

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TAMPA, Fla. — A record setting development is heading to Tampa.

The demolition of the CapTrust building downtown is planned to start at 7 a.m. on Wednesday.

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Riverwalk Place is the development that will go in its place.

The building will be more than 50 stories tall and is considered to be the tallest tower along Florida's Gulf Coast.

Riverwalk Place will have around 200 condominiums, several retail stores, and at least four new restaurants along the Riverwalk.

During the demolition and excavation process, there will be some traffic detours in downtown Tampa.

Southbound Ashley Drive traffic will be routed east onto Whiting Street and then to Tampa Street to proceed south.

Northbound Ashley Drive traffic will be routed one block east to Franklin Street.

Pedestrians on the Riverwalk will be similarly rerouted during the weekdays, but depending on the safety of the demolition, the Riverwalk may be open on nights and weekends.

The detours will be in place for the next few weeks.