Downtown Tampa’s skyline is rising once again. Two Roads Development has secured $520 million in financing to fully fund the construction of Pendry Tampa and Pendry Residences Tampa, a 38-story luxury hotel and residential tower now under construction on the Riverwalk at Ashley Drive and Whiting Street.
With residential sales already over 60% sold—representing more than $300 million in contracts—Pendry Tampa is proof of both the strength of Tampa’s real estate market and the city’s growing national reputation as a place to live, work, and invest.
What sets this project apart is its future-forward approach to resiliency and sustainability. Partnering with Nuveen Green Capital through its C-PACE financing program, the development is being built to withstand the challenges of Florida’s climate. Features include raising the parcel more than 11 feet above sea level, installing floodgates and hurricane-rated windows, and incorporating backup generators and an elevated parking deck. These investments ensure the building will not only deliver luxury but also long-term security for residents and guests.
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For the community, the project’s impact will extend far beyond the tower itself. Pendry Tampa will bring over 200 hotel rooms, a luxury spa, state-of-the-art fitness center, 10,000 square feet of event space, and four new restaurants along the Riverwalk. With dining, culture, and gathering spaces designed to connect directly to the waterfront, the project promises to enrich downtown life for locals as much as it does for travelers.
Behind this landmark development is Two Roads Development, a South Florida–based firm recognized nationally for shaping some of the country’s most distinctive residential and mixed-use projects. Known for premier locations, bold architecture, and curated amenities, Two Roads has delivered acclaimed properties including The Ocean Club, Four Seasons Residences in the Bahamas; Four Seasons Private Residences Las Vegas; Rivage Bal Harbour on Miami Beach; and Elysee and Biscayne Beach in Miami’s Edgewater district. With Pendry Tampa, the firm is bringing its same standard of world-class design and service to the heart of Tampa Bay.
Construction has already climbed to the fourth floor, with work accelerating as crews move upward. The momentum underscores Two Roads’ reputation for efficient execution and ambitious vision—a pairing that has helped the company consistently deliver developments that elevate the communities they join.
As Pendry Tampa rises, it signals more than the arrival of another luxury tower. It is a statement of confidence in Tampa’s future, blending culture, business, and community into a single landmark that will redefine what it means to live and gather downtown.
