150 West Main Street | |
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![]() View of the tower from across the Elizabeth River | |
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General information | |
Status | Completed |
Type | Office |
Location | 150 West Main Street Norfolk, Virginia 23510 |
Completed | 2002 |
Owner | Gate Petroleum |
Height | |
Roof | 292 ft (89 m) |
Top floor | 21 |
Technical details | |
Floor count | 20 |
Floor area | 234,000 sq ft (21,700 m2) |
Design and construction | |
Architect(s) | CMSS Architects |
Developer | City of Norfolk, Robert Stanton & Tom Robinson |
150 West Main Street is the fourth tallest building in Downtown Norfolk, Virginia, United States. Norfolk's highest rated restaurant, Todd Jurich's Bistro, is located on the building's ground floor. [1]
In 2000, Norfolk's office vacancy rate was well below 10%. The development was a joint project between the city of Norfolk and a limited liability company headed by local businessmen Tom Robinson (Robinson Development Group) and Robert Stanton (Stanton Partners, Inc.). The 840-space parking facility, which occupies the second through tenth floors, was financed by the city of Norfolk. When the highrise opened in 2002, a large number of tenants in older properties, especially the Bank of America Center, built in 1967, moved to the new Class "A" building when their leases expired. [2]
The 20-story tower contains 234,000 sq ft (21,700 m2) of leasable space, [3] managed by CBRE Group. [4]
A branch office of SunTrust occupies part of the ground floor, and their name is on the banner sign at the top of the building. Todd Jurich's Bistro, a full-service restaurant established in 1992, changes its menu regularly based on the availability of fresh seasonal ingredients. Their wine selection is notable, and they have several private dining rooms. [1] The lobby features original artwork on display, and a 2,000 sq ft (190 m2) penthouse is available to tenants for conferences and meetings. The building has 24/7 security and a backup generator provides electricity during power outages. [4]
In 2005, the original investors sold the property to the St. Joe Company for $50.5 million. [5]
On August 7, 2007 St. Joe sold the 98% leased building to Eola Capital, LLC for $56 million. [6]
Finally, Gate Petroleum acquired the building on February 8, 2008. At the time, the occupancy rate was 97% with just three vacant suites. The majority of lessees are legal and financial businesses, including dozens of lawyers, Certified Public Accountants, and prominent firms: Troutman Sanders, Kaufman & Canoles, Virginia Natural Gas, CB Richard Ellis brokerage and Wachovia Securities. [4]
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Coordinates: 36°50′49″N76°17′36.2″W / 36.84694°N 76.293389°W