Recently we unveiled what we believe is a first in the U.S. commercial office market: the delivery of five-star service at our office properties, similar to what you might find in five-star hotels by, for example, adding a Club Level Suite for Tenant executives. We took another step towards this today in announcing plans for significant investment in upgrading our Three Riverway Office Tower in Houston, Tex.
Over the next eighteen months, this property will receive $6 million in new services and tenant amenities including adding a Club Level Suite for use by executives in the building, access road improvements, landscaping, wireless Internet, a complete replacement of the building’s lighting system to improve energy efficiency, and upgrades to the existing fitness center and conference room. We're also upgrading our 550 REO property in Tampa, Fla. It's already one of the most unique office buildings in the area with a swimming pool and fitness center. Many of the improvements planned for Three Riverway will be included in the 550 REO renovations.
Ultimately, Blumberg Office Properties will all include a range of premium services to Tenants that is unparalleled in the industry.
