Under Construction

The Pendry Tampa and Residences

The Pendry Tampa and Residences is the Pendry brand's debut in Florida, a 38-story tower at 100 South Ashley Drive on the Tampa Riverwalk in downtown Tampa.

Official Website
TMW IntelligenceVerified Oct 10, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
11.01.23
Start
~2027
Completion
220
Keys
207
Units
38
Floors
Scroll for details
Details

100 South Ashley Drive, Tampa. 38 floors, 207 residences and 220 hotel keys. Broke ground November 2023, targeting 2027. Financed with $520M in September 2025.

The story so far
Announced 2023 est.
Broke ground Nov 1, 2023
Financing secured Sep 15, 2025$520M construction financing incl $290M C-PACE (Nuveen, largest US C-PACE) + Sculptor, announced 2025-09-15; backfill 220 hotel keys + address; Two Roads/Montage
therealdeal.com
Going vertical Oct 2025Vertical concrete superstructure underway Oct 2025 (north side ~L4, ~1 level/10 days, two tower cranes) per Florida YIMBY.
floridayimby.com
Pendry Tampa residences reach 75% sold Sep 2026Two Roads Development says the condominium half of the 38-story Riverwalk tower is roughly 75% sold as the superstructure nears the top, with a topping-off ceremony scheduled for Oct. 9, 2026 and an opening still targeted for 2027.
businessobserverfl.com
Residences 75% sold Sep 2026Two Roads Development reported the Pendry Residences Tampa had reached 75 percent sold as the 38-story tower neared its full height.
businessobserverfl.com
Glazing climbs the tower Sep 2026blue-filmed curtain wall has reached the upper 20s while concrete work nears the 38th floor, with topping out scheduled for Oct. 9, 2026 and opening still set for 2027.
floridayimby.com
Expected opening 2027 est.
See the full story with Pro6 more dated, sourced milestones on this project, from announcement to opening.
Start free trial
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
TMW Intelligence

The outlook for The Pendry Tampa and Residences

Timing, similar projects and market pressure, read from every development in our database.

The Tampa market 78 · Saturated supplyDowntown Tampa Riverwalk 15-project pipeline · 11,734 residences and keys · peak Late ’27 Explore the market →
Pro tools
Compare projectsSide by side with any projectAnalyze the marketSupply, pricing and timing
About the project

The Pendry Tampa and Residences is the Pendry brand's debut in Florida, a 38-story tower at 100 South Ashley Drive on the Tampa Riverwalk in downtown Tampa. Developed by Two Roads Development with Pendry Hotels & Resorts and designed by Arquitectonica, it stacks 207 private condominium residences above a 220-room Pendry hotel, giving owners a separate entrance, lobby and elevators while keeping hotel service on call. The program runs to a 14,000-square-foot spa, four dining concepts, roughly 10,000 square feet of meeting and ballroom space, and an amenity deck above the Hillsborough River, with residences finished in floor-to-ceiling glass and wrapped in terraces facing the water and the downtown skyline.

Developer & design
TMW Intelligence
TMW Intelligence is still building a comparable set for this project — projections publish once at least three comparable launches are in place.
Common questions

Frequently asked

Where is The Pendry Tampa and Residences located?

The Pendry Tampa and Residences is located in Tampa.

When will The Pendry Tampa and Residences be completed?

The Pendry Tampa and Residences is under construction, with completion expected in 2027 (a TMW estimate).

Who is developing The Pendry Tampa and Residences?

Two Roads Development is the developer behind The Pendry Tampa and Residences.

Who designed The Pendry Tampa and Residences?

The Pendry Tampa and Residences was designed by Arquitectonica.

How big is The Pendry Tampa and Residences?

The Pendry Tampa and Residences rises 38 stories with 207 residences and 220 hotel keys.