Construction of ultra-luxury Tampa tower gets ceremonial kick-off Nov. 1

While work at the site of the Pendry Tampa and Pendry Residences has been going on since early in the year, construction will formally begin Wednesday when the developers hold a ceremonial groundbreaking.

That is the day officials from Pendry Hotels & Resorts and Miami-based Two Roads Development will show up at the Ashley Drive property along with Tampa Mayor Jane Castor to make a few speeches and toss shovelfuls of dirt while construction crews, bystanders and invited guests look on.

Ceremonial or not, the event will officially kick off the building process of what will be a 39-story ultra-luxury hotel and condominium complex on the Hillsborough River in the city’s downtown.

Pendry is part of Montage International, a California chain of hotels, resorts and residences with properties at some of the most prestigious addresses in the country. Among them, Laguna Beach, California; Deer Valle, Utah; and Kapalua Bay, Hawaii.

Pendry was founded in 2015 by Michael Fuerstman, the son of Montage’s founder Alan Fuerstman, and refers to itself as a luxury boutique brand. It operates properties in Hollywood, California; Chicago; New York; and Park City, Utah.

When complete, the Tampa tower will include 220 hotel rooms, a luxury spa and a rooftop pool on a deck overlooking the Hillsborough River, along with fare like an upscale restaurant, a lobby bar and a cafe.

On the floors above the hotel will be 207 condos that will have a dedicated residential staff as well as a private entrance, a lobby, an elevator and access to hotel amenities. The units themselves will be one to three bedrooms with floor-to-ceiling windows and terraces. Prices start at $1.3 million.

The hotel will have 11,000 square feet of ballrooms and meeting rooms and a 20,000-square-foot spa. And the condominiums will be one to three bedrooms with floor-to-ceiling windows, private terraces and a rooftop pool on the 39th floor of the building with prices starting at $1.3 million.

Pendry, which is being built by Costal Construction, is scheduled to open in 2026.