Pendry Residences Tampa: Why This Luxury New-Construction Development Is Worth Your Attention

Tampa is in the middle of a defining moment for luxury real estate. A new generation of high-end condominium towers is reshaping the downtown skyline, and at the center of that transformation is the Pendry Residences Tampa — a 38-story mixed-use tower that combines a world-class Pendry hotel with 207 branded private residences.

For buyers who have been waiting for the right opportunity to own a piece of Tampa's future, this is it. The Pendry Residences brings together the hospitality pedigree of Montage International (the company behind the Pendry and Montage hotel brands), architecture by the internationally acclaimed firm Arquitectonica, and interiors by Studio Munge, one of the most sought-after design firms in North America.

And here is the part that matters for anyone considering a purchase: I have negotiated my fees with the developer, which means you get my full concierge-level buyer representation at no additional cost. Whether you are local or relocating from out of state, you can have expert guidance on one of Tampa's most significant new construction projects without paying a premium for it. I have spent more than 30 years in the Florida real estate market, representing buyers in luxury new construction from Sarasota to Tampa and across the state. I know how these deals work — the contract terms, the deposit structures, the upgrade allowances, and the timelines — and I bring that experience to every Pendry buyer I represent.

About Pendry Residences Tampa

Developer and Brand Background

The Pendry Residences Tampa is developed by Two Roads Development, a firm known for delivering luxury residential and hospitality properties in premier urban and resort locations. The tower will be operated by Montage International, the luxury hospitality company behind both the Pendry Hotels & Resorts and Montage Hotels & Resorts brands. Montage manages a portfolio of some of the most distinguished properties in North America, and the Pendry brand represents their modern, design-forward hospitality concept — blending sophisticated style with warm, personalized service.

Location

The tower is located at 111 S. Ashley Drive in downtown Tampa, FL 33602, directly along the Tampa Riverwalk. Residents are steps from the Hillsborough River, downtown dining and entertainment, and the city's cultural institutions. The location puts you minutes from Tampa International Airport (TPA), the Straz Center for the Performing Arts, Amalie Arena, and the Channel District.

For beach access, the award-winning shores of Clearwater Beach and St. Pete Beach are approximately a 35- to 45-minute drive, and the barrier islands of Anna Maria Island and Longboat Key are within an hour's drive north and south, respectively.

Building Type and Size

Pendry Tampa is a 38-story mixed-use tower. The lower floors house the Pendry Hotel with 220 guest rooms. The Pendry Residences occupy floors 15 through 37, offering 207 branded condominiums. The project also includes approximately 32,760 square feet of ground-floor retail space and 10,000 square feet of meeting and event space.

Construction began in November 2023. As of mid-2026, the tower has reached the low-to-mid 20-story range and is rising at approximately one floor per week. Estimated completion is late 2026 through 2027, with pre-construction sales currently underway.

Unit Types, Floor Plans, and Square Footage

The 207 residences range from one-bedroom to three-bedroom configurations, with some units offering dens. Square footage ranges from approximately 1,120 to 3,217 square feet. Each residence features:

• 10-foot ceilings throughout the main living areas
• Floor-to-ceiling windows maximizing natural light and views
• Private terraces with panoramic city or water views
• Open-concept layouts designed for both entertaining and daily living

The 38th-floor penthouse, spanning the entire top floor, is listed at $45.5 million and represents the pinnacle of luxury living in Tampa.

Price Range

Pricing at the Pendry Residences Tampa starts around $900,000 to $1,175,000 for one-bedroom units, with most listings ranging from $1,875,000 to $5,500,000. The average price per square foot is approximately $967, reflecting the premium nature of the development and its prime downtown Tampa location. Prices are subject to change as construction progresses and units sell, so contacting for the most current pricing is recommended.

Views and Orientations

Depending on orientation, residences offer views of the Tampa skyline, the Hillsborough River, Tampa Bay, and the surrounding cityscape. Upper-floor units on the water side provide expansive Gulf and bay views that are among the best in the region.

Resort-Style Amenities

One of the defining features of the Pendry Residences Tampa is the depth of its amenity program. Residents enjoy access to both residence-exclusive facilities and the full suite of Pendry hotel amenities.

Residence-Exclusive Amenities

• 38th-floor rooftop resort-style pool and lounge: A dramatic sky-level pool and sundeck with panoramic views of Tampa Bay and the skyline, exclusive to residence owners
• Private resident lounges: Multiple lounge spaces for entertaining, socializing, and relaxing away from the hotel level
• Wellness facilities: Dedicated fitness and wellness spaces for residents
• Dedicated resident staff: Concierge services tailored to residence owners
• Valet parking: Secure, attended parking for residents and their guests
• Pet-friendly policies: Full pet accommodations, including dedicated pet amenities
• 24-hour room service: Access to the Pendry hotel's room service from your residence

Hotel Amenities Available to Residents

• Four dining concepts: Multiple restaurant and bar venues within the hotel, ranging from casual to fine dining
• A speakeasy: An intimate, reservation-only cocktail lounge
• Spa Pendry: A 14,000-square-foot full-service spa with treatment rooms, relaxation areas, and hydrotherapy facilities
• State-of-the-art fitness center: Hotel-level fitness facilities with equipment, classes, and personal training
• 12th-floor open-air pool and terrace: A resort-style pool deck with cabanas, loungers, and city views
• 10,000 square feet of meeting and event space: Available for private events hosted by residents
• 32,760 square feet of retail: Ground-floor retail adding convenience and vibrancy to the building

Design and Finishes

Architecture and Design

The tower was designed by Arquitectonica, the internationally celebrated architecture firm known for creating iconic skylines around the world. Their Miami roots and expertise in luxury residential design are evident in the tower's sleek glass facade, sculptural massing, and the careful integration of indoor-outdoor living spaces that define Florida's luxury market.

Interior Design

The interiors are designed by Studio Munge, a Toronto-based firm recognized as one of the top hospitality and residential design studios in North America. Their work for the Pendry Residences Tampa reflects a sophisticated blend of modern luxury and Florida coastal warmth, with curated material palettes and custom millwork throughout.

Kitchen Finishes

• Custom-designed kitchens with Italian or European cabinetry
• Sub-Zero and Wolf appliance packages
• Quartzite waterfall-edge countertops and islands
• Designer backsplashes in natural stone
• Undermount sinks with premium fixtures

Bathroom Finishes

• Carrara marble vanities and countertops
• Frameless glass-enclosed showers
• Freestanding soaking tubs in primary suites
• Designer fixtures and fittings throughout
• Custom medicine cabinets and storage

Smart Home and Customization

Each residence includes smart home technology for lighting, temperature, and security control. Buyers typically have the opportunity to select from curated finish packages and upgrade options during the pre-construction phase, allowing for a degree of personalization rarely available in resale condominiums.

Location Benefits: Why Downtown Tampa

The Pendry Residences Tampa sits at the intersection of urban convenience and Gulf Coast lifestyle. The downtown Tampa location provides:

• Walkable access to the Tampa Riverwalk, a 2.6-mile waterfront path connecting parks, museums, dining, and entertainment
• Proximity to Tampa International Airport (TPA), consistently ranked among the best airports in the United States and just a 15-minute drive
• World-class dining in the Water Street Tampa district, Channelside, and across South Tampa and Hyde Park
• Cultural attractions including the Straz Center for the Performing Arts, the Tampa Museum of Art, the Florida Aquarium, and the Glazer Children's Museum
• Professional sports at Amalie Arena (Tampa Bay Lightning) and Raymond James Stadium (Tampa Bay Buccaneers)
• Gulf Coast beaches within a 35- to 45-minute drive, including Clearwater Beach, St. Pete Beach, and the barrier islands of Anna Maria Island and Longboat Key
• Access to the Tampa Bay lifestyle — boating, fishing, paddleboarding, and water sports on Tampa Bay and the Gulf of Mexico

Why Buy Into the Pendry Residences Tampa?

Here is what makes this development worth serious consideration for luxury buyers.

Brand Prestige

Montage International operates some of the most respected luxury hospitality properties in North America. The Pendry brand is their modern collection, defined by sophisticated design, exceptional service, and prime locations. Owning a Pendry Residence means being part of that brand ecosystem — with all the service standards, design excellence, and resale cachet that comes with it.

Appreciation Potential in New Construction

Luxury new construction in a growing market like Tampa offers significant appreciation potential. As the building nears completion, remaining inventory typically commands higher prices, and post-construction resales in well-branded towers often outperform the broader market. Getting in during the pre-construction and construction phase positions buyers at the most advantageous price point.

Resort-Style Living

The Pendry Residences Tampa is not just a condominium building — it is a complete lifestyle. Between the residence-exclusive 38th-floor rooftop pool, the 14,000-square-foot Spa Pendry, the four dining concepts, and the dedicated concierge services, residents have access to amenities that would be extraordinary even at a five-star resort.

Maintenance-Free Lifestyle

For buyers moving from single-family homes, the appeal of condominium living at this level is the elimination of exterior maintenance, landscaping, and property management concerns. The HOA and concierge services handle everything, leaving you to focus on enjoying the lifestyle.

Investment Opportunity

Tampa continues to attract population growth, corporate investment, and luxury development. The combination of a Montage-branded product, prime downtown waterfront location, and limited inventory (only 207 residences) makes the Pendry Residences a compelling long-term investment. Hotel-branded residences historically hold value well in the luxury resale market.

Expert Representation at No Cost to You

This is the part that matters most practically. I have negotiated all of my fees with the developer. That means as your buyer's agent, I provide:

• Full contract review and explanation of new construction terms
• Price and upgrade negotiation backed by current market data
• Coordination of inspections during the construction process
• Guidance through the full cost of ownership — HOA fees, assessments, insurance, and closing costs
• Relocation assistance for out-of-area buyers
• Support through final walkthrough and closing

You pay nothing extra for representation. The developer covers my fees as part of the transaction. You get the same level of concierge service my clients have come to expect, applied to one of Tampa's most significant luxury developments.

My Role as Your Buyer's Agent for the Pendry Residences

Whether you are a Tampa local or planning to relocate from out of state, buying into a luxury pre-construction project comes with decisions that are different from a standard resale purchase. The floor plan selections, the finish choices, the deposit schedule, the timeline, and the contract terms all need careful attention.

Here is what I do for my clients on every new construction purchase at the Pendry Residences Tampa:

• Pre-visit preparation: I review available units, floor plans, and pricing before you ever step foot in the sales center, so you go in informed and focused on the options that fit your needs
• Contract review: New construction contracts are different from standard purchase agreements. I review every clause — deposit structure, price escalations, material substitutions, completion timeline, and contingency terms — and explain what each one means for you
• Negotiation: From the base price to upgrade credits to closing cost assistance, I negotiate on your behalf with a clear understanding of what the market supports
• Full cost of ownership: I help you understand HOA fees (which average $1.12 per square foot at Pendry), property insurance, flood zone considerations, and any special assessments that could affect your budget
• Inspection coordination: I schedule and attend key inspections during the build process to catch issues before they become your problems
• Relocation support: For buyers coming from out of state, I provide guidance on the Tampa Bay area — neighborhoods, healthcare, schools, and the logistics of a long-distance move

And because I have already negotiated my fees with the developer, all of this comes at no additional cost to you. Add my new construction page to your bookmarks for deeper reading on what to expect when buying new construction in Florida.

Frequently Asked Questions About Pendry Residences Tampa

Interested in the Pendry Residences Tampa?

Whether you are ready to buy or just beginning to explore the opportunity, I can help you navigate the process with confidence. My concierge-level buyer representation is available at no cost to you, and I have the local market knowledge to make sure you understand every aspect of this investment before you commit.

Browse Available Pendry Residences Units

Kim Donahue · REALTOR® with Medway Realty · (941) 724-2587 · License SL3352997

I bring more than 30 years of real estate experience to every luxury new-construction purchase I represent, whether in Tampa, Sarasota, or anywhere in Florida. If you have questions about the Pendry Residences or any new-construction purchase, my contact page is always open.

And if you are considering the broader Tampa Bay market alongside Sarasota, my Sarasota vs. Tampa comparison may be a useful starting point.