The Pendry Tampa hotel and residences is no longer just a hulking base on the Hillsborough River. Its concrete frame is now climbing clearly above the podium, staking out a new presence along the downtown Riverwalk. From Ashley Drive South and East Whiting Street, and from across the water, the once-flat parking and podium levels are giving way to stacked floors, active formwork and a tower that is finally acting like one.
Superstructure Breaks Past the Podium
Formwork has now pushed past the podium, and recent aerial shots show the reinforced concrete superstructure standing at roughly 16 to 17 stories tall. Curtain wall installation is already underway on the lower hotel floors, with glass reaching to about the sixth or seventh story. Those on-the-ground and overhead observations were documented by Florida YIMBY, which notes that the building is transitioning into its residential levels above the podium.
Who’s Building It
Two Roads Development is steering the 38-story mixed-use project in partnership with Montage International’s Pendry brand, with work moving forward under a hefty financing package announced last year. The $520 million construction loan, which includes roughly $290 million in C-PACE financing, along with the project’s presales, was reported by The Real Deal, which described the arrangement as one of the largest condo construction financings in Tampa.
What’s Inside the Tower
Developer and brand materials put the spotlight on fully serviced living for owners, including a private valet and lobby, dedicated residential elevator access, a rooftop pool and on-site residential staff. Those amenities are outlined in detail by Pendry Residences Tampa.
On the hospitality side, on-site reporting lists roughly 220 hotel guestrooms and about 200 residential units. The planned amenity package also includes a sizable spa and more than 10,000 square feet of conference and ballroom space, plus a developer-marketed $45.5 million penthouse at the top of the tower, according to Florida YIMBY.
Where It Fits In Tampa's Boom
The Pendry slots into a broader wave of high-amenity towers reshaping the Riverwalk and downtown waterfront, and its hefty financing package plus strong presales suggest that demand for branded luxury product in the city is still running hot. Coverage by The Real Deal frames Pendry as a bellwether for downtown development and a sign of how confident developers remain in Tampa’s growth story.
Now that the tower is climbing into the skyline, expect the next big visual moments to come from expanded facade installation, continued vertical concrete pours and, eventually, a topping-out that locks in its final profile on the riverfront. Riverwalk regulars, buyers and neighboring businesses will be keeping an eye on sales releases and construction milestones as crews push ahead through the year.
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