Pendry Residences Tampa is a 38-story waterfront tower rising along Tampa's Riverwalk — 207 branded residences above Florida's first Pendry Hotel, designed by Arquitectonica with interiors by Studio Munge. With over $300 million in sales since launch and a $45.5 million penthouse setting the market ceiling, this is the most anticipated luxury residential address in downtown Tampa. Here's everything you need to know.
There are luxury condominiums, and then there are branded residences. The distinction matters more than most buyers initially realize — and at Pendry Residences Tampa, it is the entire story.
A branded residence is not simply a condominium with a hotel next door. It is a home designed from the ground up in partnership with one of the world's premier hospitality companies, managed by their staff, operated to their standards, and connected to their global network of properties. When you own a Pendry residence, you are not just buying square footage on the Riverwalk. You are buying into a philosophy of living — one that Montage International has spent two decades refining across some of the most celebrated hotel addresses in the United States.
Tampa is about to have its first one.
Mark Middleton and the Middleton Tampa Bay team at Compass provide dedicated buyer and seller representation at Pendry Residences Tampa. Call 727-871-SOLD.
Pendry Hotels & Resorts is the contemporary luxury brand from Montage International — the parent company behind Montage Hotels & Resorts, one of the most respected names in American luxury hospitality. The Pendry brand occupies a specific and well-defined position in the market: design-forward, culturally engaged, rooted in West Coast modernism, and intensely focused on creating properties that feel like they belong somewhere rather than anywhere.
Its hotel portfolio spans West Hollywood, San Diego, Park City, Chicago, Baltimore, Washington D.C., Newport Beach, and New York. Each carries the same commitment to intelligent design, craft, and a hospitality culture that runs deeper than amenities. Tampa is the first Florida city to earn a Pendry — and the residences above it carry every dimension of that brand commitment into private ownership.
What that means in practice: 24-hour concierge services, 24-hour security, a dedicated residential management program staffed entirely by Montage personnel, in-residence dining and kitchen provisioning, and the kind of seamless, anticipatory service that five-star hotel guests experience — delivered to your front door, in your own home, every day. When you travel, ownership at a Pendry residence also opens preferred access and special rates across the entire Montage International and Pendry Hotels & Resorts global portfolio.
This is not amenity marketing. It is a fundamentally different ownership experience.
Pendry Residences Tampa rises at 111 South Ashley Drive, at the corner of Ashley Drive South and East Whiting Street — directly on the Tampa Riverwalk, one of the most acclaimed urban waterfront pathways in the Southeast.
The Riverwalk stretches 2.6 miles along the Hillsborough River and Tampa Bay, connecting Curtis Hixon Waterfront Park, the Tampa Museum of Art, the Glazer Children's Museum, Armature Works, Sparkman Wharf, and the broader Water Street district into a continuous, walkable waterfront experience. Pendry is not near the Riverwalk. It is on it — with Riverwalk-facing retail and restaurant space built into the building's own ground floor.
To the east, Water Street Tampa — the 53-acre, $3.5 billion master-planned district backed by Jeff Vinik and Cascade Investment — has transformed the urban core around Amalie Arena into one of the most dynamic mixed-use environments in Florida. To the west, the Hillsborough River and the broader Riverwalk corridor create the kind of daily outdoor living that defines what Tampa's waterfront lifestyle actually looks and feels like. The Tampa Museum of Art and Curtis Hixon Waterfront Park are steps from the lobby. The Straz Center for the Performing Arts is moments away.
For buyers evaluating what a downtown Tampa address actually delivers in daily life — the answer here is simple. Pendry sits where the city's best public spaces, cultural institutions, waterfront dining, and urban energy all meet. There is no better-positioned residential tower in downtown Tampa.
Pendry Residences Tampa is being developed by Two Roads Development, a South Florida firm whose principals bring over 120 years of combined experience in luxury residential development. Two Roads' current portfolio includes Rivage Bal Harbour, the EDITION Residences Miami Edgewater, Forté in West Palm Beach, and the Ocean Club Bahamas — a record of projects that defines what serious luxury development looks like in the current market.
The architectural design is by Arquitectonica, the Miami-based firm that has shaped some of the most recognized towers in the Western Hemisphere since 1977, and whose work on 400 Central in St. Petersburg has already demonstrated what they can do for Tampa Bay's skyline. Interior design for both the hotel and residences was commissioned from Studio Munge — the Toronto-based firm led by Italian designer Alessandro Munge, whose practice is defined by a singular ability to create spaces that communicate not just aesthetically but emotionally.
Studio Munge's design language for Pendry Tampa is grounded in a specific material palette: warm walnut, travertine, and muted earth tones throughout, with textured jute, soft natural drapery, copper accents, and ethereal lighting creating what the firm describes as an atmosphere of welcoming intimacy sparked with unexpected moments. The overarching design concept — California modernism meeting coastal Florida — plays deliberately on Pendry's West Coast DNA while grounding the building in its Tampa Bay context. Interior and exterior spaces flow into one another with the ease of a city built around its waterfront.
Coastal Construction serves as general contractor. Adache Group Architects of Fort Lauderdale serves as architect of record. The project secured $520 million in construction financing from Sculptor Capital Management and Nuveen Green Capital — including a $290 million C-PACE loan, the largest of its kind ever issued — supporting an extensive program of sustainability and resiliency measures: energy-efficient systems, water conservation features, hurricane-rated glazing, flood protection around ground-floor areas, an elevation exceeding 11 feet above sea level, floodgates, backup generators, and a parking deck rising more than 20 feet above sea level.
As of early 2026, the reinforced concrete superstructure has cleared the podium levels and reached approximately 16 to 17 stories, with crews completing a new level approximately every ten days. The tower is actively in its residential floors.
The 207 private residences occupy floors 15 through 37 of the 38-story tower, with the hotel program filling floors one through 14. Every residence has a private terrace, floor-to-ceiling windows, and open-plan layouts with 10-foot ceiling heights throughout. Views span the Tampa skyline, Hillsborough Bay, and Tampa Bay — with higher floors offering increasingly expansive water panoramas.
Floor plans range from one to three bedrooms across eight configurations. One-bedroom residences begin at approximately 1,379 square feet with two full baths and a den. Two-bedroom plans run from 1,657 to 2,259 square feet, with some configurations including up to 3.5 bathrooms and dens. Three-bedroom residences range from 2,953 to 3,219 square feet with 3.5 baths and a den. All are finished with Sub-Zero and Wolf appliances, gas cooktops, Waterworks fixtures, and spa-inspired bathrooms — a specification tier consistent with the Pendry brand's positioning at the absolute top of the Tampa market.
Pricing for residences begins at $1.7 million. The building's signature penthouse, introduced in March 2026, sits atop the tower at $45.5 million — the highest-priced condominium listing in Tampa Bay history. At that level, the unit features expansive private terraces, floor-to-ceiling glass, and panoramic views across Tampa Bay that represent something genuinely without precedent in this market.
Residents access the building through a private valet drop-off, a dedicated residents-only lobby, and a separate elevator bank entirely distinct from hotel operations. The separation of hotel and residential circulation is deliberate and complete — the privacy of a private condominium, with every hotel service available on demand.
The amenity program at Pendry Tampa operates on two levels — hotel amenities available to all guests, and a residential amenity layer exclusive to owners — and residents have full access to both.
The hotel component brings four distinct dining and beverage concepts, including Riverwalk-facing restaurant and retail space, a lobby bar, and additional venues operated by Clique Hospitality. The 14,000-to-20,000-square-foot Spa Pendry — with eight treatment rooms — sets a new standard for wellness in downtown Tampa. A state-of-the-art fitness center, a children's club, and over 10,000 square feet of meeting and ballroom space complete the hotel program.
For residents specifically: a private valet drop-off, dedicated lobby lounge, private elevator access, a rooftop pool deck with expansive views over the Hillsborough River and Tampa Bay, a residential owners' lounge, and a full residential staff managed by Montage International. In-residence dining means room service from the hotel's chef-driven restaurants, delivered to your front door. Kitchen provisioning — stocking your home before you arrive — handles the transition from travel to residence without friction.
The rooftop pool deck, framed with lush tropical landscaping, pergolas, and upholstered seating, is described by Studio Munge as both a shared residential amenity and an extension of the residential suites themselves — a space designed equally for private reflection and for entertaining.
More than 60% of Pendry's 207 residences have been sold, generating over $300 million in sales since the project launched in 2021. That sales velocity — sustained over four years of pre-construction, through changing interest rate environments and market cycles — is a meaningful indicator of the depth of conviction buyers have in this building.
Active resale listings show a median list price of approximately $2,945,000 and an average of roughly $1,338 per square foot — figures that place Pendry at the top of Tampa Bay's luxury residential stack alongside 400 Central. The price per square foot premium reflects the Montage brand, the waterfront positioning, the Studio Munge interiors, and the managed-services model that genuinely differentiates this product from a conventional luxury condominium.
The buyer profile at Pendry skews toward high-net-worth individuals seeking a primary waterfront residence or full-time second home, buyers relocating to Tampa from major U.S. markets who are accustomed to branded residential living, and those who divide their time between multiple properties and value the professional management infrastructure that Montage provides. The $45.5 million penthouse introduction in early 2026 signals clearly that the development team is confident in where this market ceiling is heading — and in what Tampa is capable of absorbing at the highest end.
For sellers, the combination of limited resale inventory, a globally recognized brand, and a construction timeline that continues to advance creates a favorable environment. As the building approaches delivery and the Pendry hotel brand becomes an operational reality in downtown Tampa — rather than a promise on a rendering — the case for ownership here becomes only more legible to the broader market.
The Middleton Tampa Bay team tracks active listings, pricing trends, and available inventory at Pendry Residences Tampa on an ongoing basis. If you want a current market briefing, a comparison against other Tampa Bay luxury options, or representation in a purchase or sale, reach out directly.
It is worth dwelling on what it actually means to live at this address, because the Riverwalk lifestyle is not a peripheral benefit — it is the center of the ownership experience here.
Tampa's Riverwalk has matured into one of Florida's great urban amenities. Curtis Hixon Waterfront Park hosts events year-round — outdoor concerts, festivals, and farmers markets that make the waterfront a living, active part of the city's culture rather than a backdrop for it. The Tampa Museum of Art, Glazer Children's Museum, and the Straz Center are all immediate neighbors. Armature Works to the north brings one of the most celebrated food hall and event venues in the Southeast to a walkable distance. Water Street's restaurants, bars, and retail activate the corridor from the south.
Amalie Arena — home to the Tampa Bay Lightning — is minutes away on foot. Sparkman Wharf's outdoor dining and waterfront energy add further texture to daily life. And the Hillsborough River itself, flowing past the tower's front door, provides a quality of waterfront presence that Tampa's bayfront addresses simply cannot replicate in the same immediate way.
Tampa International Airport is approximately 20 minutes by car — one of the country's highest-rated airports, which matters considerably for buyers who will use this as a second home or travel frequently. The broader Tampa Bay region — from St. Petersburg's arts district to Clearwater Beach — is within easy reach.
This is a city that has arrived, living on a waterfront that is only becoming more valuable, in a tower that will be the most hospitality-forward residential address downtown Tampa has ever produced.
Branded residences require a different conversation than standard condominium purchases. The Montage management structure, how the hotel operation intersects with residential ownership rights, what the HOA structure covers and what it doesn't, how resale works in a building with an active hotel flag, how Pendry compares to other luxury options in the Tampa market at this price point — these are not generic questions with generic answers.
Mark Middleton and the Middleton Tampa Bay team at Compass bring the depth, the market knowledge, and the analytical rigor that Pendry buyers and sellers deserve. Whether you are evaluating your first luxury purchase in Tampa Bay or adding to an existing portfolio of properties, we represent your interests with the same level of care and precision that Montage brings to its guests.
People. Planet. Purpose.
The most celebrated waterfront address in downtown Tampa deserves representation that matches it. We would be glad to be yours.
Middleton Tampa Bay | Compass 727-871-SOLD middletontampabay.com
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