Tampa Electric to build and move to new HQ building

Tampa Electric is moving out of its downtown headquarters and into a to-be built 17-story office building in the Midtown Tampa development.

Construction on the new building, which according to a company spokeswoman will cost between $230 million and $250 million, is set to begin early next year, and the company expects to move more than 900 employees into the new space in 2025. Tampa Electric will own 11 stories of the tower which will be called Midtown East.