Luxury hotel-condo tower Pendry Tampa to go vertical this summer
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A rendering of Pendry Tampa, a hotel-condo tower under construction along the Tampa Riverwalk. Photo: Pendry Residences Tampa, Two Roads Development
Another five-star hotel is coming to Tampa, and construction is set to go vertical in the next few months.
Why it matters: The addition of Pendry Tampa to the city's downtown is another sign of Tampa Bay's growing profile.
- It's the first Pendry property in Florida and puts Tampa in line with trendy areas like West Hollywood, California; Manhattan, New York City and San Diego.
State of play: Construction on the 38-floor building's foundation is well underway at Ashley Drive South and East Whiting Street, along the Riverwalk.
- Downtown residents and visitors will start to see the tower rise over the Hillsborough River in early summer, Jeff Graves, project director for developer Two Roads Development, told Axios.
- It will take one to two weeks to construct each floor, Graves said, with completion slated for late 2026.
By the numbers: The 220-room hotel will take up the first 12 floors. Levels 13 through 37 will be home to 212 residences, with two penthouses on the 37th floor and an owners-only rooftop pool on the top level.
- Units start at $1.6 million, Pendry sales executive Kat Haynes told Axios.
- The residences have hit about $250 million in sales with more than half the units sold.
The big picture: Luxury real estate is having a moment in Tampa Bay, with condo sales driving much of the trend.
- Just 3 miles from Pendry, a second Ritz Carlton Residences tower is under construction along Bayshore Drive.
The intrigue: Pendry's specialty is modern, personalized luxury, Haynes said. That means staff members greet you by name and know your likes and dislikes.
- Both the hotel and residences will feature high-end finishes in a "coastal California meets Florida" style, she said.
- And there are plenty of amenities, including an 8,000-square-foot spa and a hotel pool, along with the rooftop pool for residents.
- Residents will also have access to their own lobby, lounge and fitness center, along with a host of services.
What they're saying: "They like to pick out evolving cities," Haynes said of why Pendry picked Tampa for its next development. "Tampa's just now starting to blossom."
Flashback: The Pendry site was once slated as the location for Trump Tower Tampa, per the Tampa Bay Times.
- The project never happened, and prospective residents who bought into the former president's condo tower lost thousands in deposits.
