Foundation Work For Pendry Tampa’s Hotel-Condo Tower To Begin By Year End
The Pendry property is one of downtown Tampa’s most notorious.
Two Roads Development Announces Brad Meltzer As Partner & President
Former Chairman and CEO of Plaza Construction to bolster prominent real estate firm, overseeing design, development, and construction
MIAMI, FL – August 16, 2022 – South Florida-based real estate development firm Two Roads Development announced Brad Meltzer has joined the firm as Partner and President, further strengthening its growth trajectory. In this role, Meltzer will oversee real estate development activities, as well as identify new market opportunities.
Meltzer comes to Two Roads Development with an educational background in architecture and more than 30 years of construction experience. Previously leading a top national construction firm, he led award-winning projects across various asset classes from inception to completion.
“We are thrilled to expand our leadership team and welcome Brad, who played an integral role in helping us deliver Biscayne Beach,” said Reid Boren, Managing Partner of Two Roads Development. “His robust network and industry background will help further our momentum in current and future projects. He will work with our team to keep our projects focused on attention to design and detail throughout each phase of the building process.”
His portfolio of work encompasses a wide range of project types, including condominium, multifamily, hospitality, office, and retail. Meltzer specialized in delivering high end projects such as 1000 Museum by Zaha Hadid, the four tower Paraiso District by Arquitectonica and the Ritz Carlton Residences Miami Beach by Piero Lissoni. In South Florida, Meltzer has overseen more than a dozen projects that exceed 40 stories including multiple projects that exceeded 700 feet in height. He most recently served as Chairman and CEO of Plaza Construction.
“I am honored to have this opportunity to join the team at Two Roads Development,” said Brad Meltzer. “I look forward to mentoring and leading a team of professionals while promoting a culture of transparency, trust, and accountability. Our ultimate goal is to create projects that we can all be proud of.”
Highly engaged in industry and community organizations, Meltzer sits on various local and national boards, including Voices for Children Board of Directors, Gulliver Prep Board of Trustees, Chair of the University of Miami School of Construction Management Industry Advisory Board, University of Miami MRED+U Advisory Board and Tulane School of Architecture Advisory Board.
He holds a Master of Architecture from Tulane University School of Architecture.
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About Two Roads Development:
Two Roads Development is a South Florida-based real estate development firm whose principals have combined over 120 years of experience in developing, financing, and marketing residential and commercial projects across the United States. Over the years, Two Roads has set the standard for luxury development with properties that feature the best location, architecture, amenities, and services in the industry.
The firm’s current South Florida residential portfolio includes two completed luxury condominiums, Elysee and Biscayne Beach, in Edgewater; Forte, a boutique luxury waterfront condominium underway in West Palm Beach; and the Pendry Residences, a branded hotel-condominium underway in Tampa. The firm also recently acquired two waterfront parcels in Miami’s Edgewater and Bal Harbour communities with plans for future luxury residential developments. Learn more at www.tworoadsre.com.
Tampa Residence Building Does $75 Million In Sales In Under Two Months
A new luxury hotel and residential tower in downtown Tampa is experiencing impressive demand. Pendry Residences Tampa, has seen future residents sign contracts worth more than $75 million in the last 45 days. The building is located on Ashley Drive and has a waterfront spot on Tampa’s celebrated Riverwalk. A formal groundbreaking will happen this summer, with substantial completion of the Pendry Residences in the spring of 2025 timed to the opening of the hotel.
Pendry Residences Tampa Reaches $75M In Residential Sales In The Last 45 Days
Pendry Residences Tampa, a luxury hotel and residential tower arising in downtown Tampa, is experiencing impressive demand, as future residents have signed contracts worth more than $75 million in the last 45 days. Buyers of residences in this a spectacular waterfront location on Tampa’s celebrated Riverwalk are purchasing residences across a wide range of floor levels and styles, including several penthouse residences on the top floors of the 37-story tower. A formal groundbreaking is anticipated for this summer, with substantial completion of the Pendry Residences in the spring of 2025 timed to the opening of the hotel.
Pendry Residences Tampa Reaches $75 Million In Residential Sales In The Last 45 Days
TAMPA, FLA. (April 19, 2022) – Pendry Residences Tampa, a luxury hotel and residential tower arising in downtown Tampa, is experiencing impressive demand, as future residents have signed contracts worth more than $75 million in the last 45 days. Buyers of residences in this a spectacular waterfront location on Tampa’s celebrated Riverwalk are purchasing residences across a wide range of floor levels and styles, including several penthouse residences on the top floors of the 37-story tower. A formal groundbreaking is anticipated for this summer, with substantial completion of the Pendry Residences in the spring of 2025 timed to the opening of the hotel.
Pendry Tampa will feature 220 guestrooms and suites, as well as 207 Pendry Residences where homeowners will have a private residential lobby, elevator, and rooftop pool. Additionally, residents will have full access to an array of hotel services and amenities, including a dedicated residential staff, committed to meeting every need—whether in-residence or from afar—luxury turn-key ownership, including asset preservation, property management, and personalized experiences.
“We are incredibly pleased to see such high interest in Pendry Residences Tampa since the launch,” said Tina Necrason, executive vice president of residential, Montage International. “We are seeing interested buyers from across the country who recognize the incredible experience of owning a home that includes all the benefits of living within a luxury hotel.”
Located on the highest floors of the hotel, Pendry Residences Tampa will offer fully serviced living with modern designed homes ranging from one to three-bedrooms featuring expansive floor-to-ceiling windows and private terraces, starting in the $900,000s.
Pendry Tampa is developed in partnership with Pendry Hotels & Resorts and Two Roads Development of West Palm Beach. For more information on Pendry Hotels & Resorts, please visit www.pendryhotels.com or follow @pendryhotels and @pendrytampa. For more information about Pendry Tampa, please visit www.pendry.com/tampa/. To learn more about Pendry Residences, please visit www.pendry.com/residences/.
Renderings of Pendry Residences Tampa are available for download and use here. (Password: zFF9V3mtMVRz)
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About Pendry Hotels & Resorts
Pendry Hotels & Resorts is a new luxury hospitality brand from Montage International. Pendry combines inspired design with a celebration of culture and authentic service tailored to today’s cultured world traveler. Founders Alan J. Fuerstman and Michael Fuerstman’s well-seasoned experience in the hospitality industry serves as the foundation for the brand. Each property is injected with a unique perspective on contemporary style, and an emphasis on the arts and local community in the city it calls home. The portfolio of hotels includes Pendry San Diego, Sagamore Pendry Baltimore, Pendry West Hollywood, Pendry Chicago and Pendry Manhattan West. Opening in 2021 is Pendry Park City. Opening in 2022 is Pendry Washington D.C. – The Wharf. Opening in 2023 is Pendry Newport Beach, Pendry Natirar and Pendry Cincinnati. Opening in 2024 is Pendry Tampa. Pendry Hotels & Resorts is a member of Preferred Hotels & Resorts. For more information on Pendry Hotels & Resorts, follow @pendryhotels or visit www.pendry.com.
About Pendry Residences
Pendry Residences is a bespoke collection of private, whole ownership residential offerings at select Pendry Hotels & Resorts, a new luxury hospitality brand from Montage International. Pendry combines inspired design with a celebration of culture and authentic service. Created for cultured and discerning homeowners, each residential offering infuses a unique perspective on contemporary style that blends with the arts and local community. The Pendry Residences portfolio includes: West Hollywood, California; Natirar, New Jersey; Park City, Utah; Tampa, Florida. For additional information on residential opportunities, please visit www.pendry.com/residences/.
About Two Roads Development
Two Roads Development is a South Florida-based real estate development firm whose principals have combined over 120 years of experience in developing, financing, and marketing residential and commercial projects across the United States. Over the years, Two Roads has set the standard for luxury development with properties that feature the best location, architecture, amenities, and services in the industry. The firm’s current residential portfolio includes Elysee Miami and Biscayne Beach, two luxury condominiums in downtown Miami, Forte, a 41-residence luxury waterfront condominium in West Palm Beach, FL; Tuscany Ranch, a 6,000-home master-planned active adult community in Citrus County, FL; and Freeport Plantation, a master-planned mixed-use community in Freeport, FL. Learn more at: www.tworoadsre.com.
Media Contacts:
Pendry Residences
Kacey Bruno, Vice President, Communications, (949) 715-6117
Two Roads Development
Richard Mullins, Tucker/Hall, (813) 992-8139
Pendry Hotel-Condo Tower In Downtown Tampa Moves Closer To Groundbreaking
A 37-story luxury hotel and residential tower coming to downtown Tampa is seeing buyer interest and has plans to break ground this summer.
Luxury Hotel Expert Dishes On Tampa Bay’s Allure
Pendry hotels founder talks up the Tampa buzz, growing up in the hotel business and delivering a luxury residential component to his hotels.
by: Louis Llovio Commercial Real Estate Editor
Luxury hotelier Pendry Hotels & Resorts is building a 37-story luxury tower on the Hillsborough River with Miami-based developers Two Roads Development.
The hotel, expected to open sometime in 2024, will include 220 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 café. On the floors above the hotel will be 207 condos.
The condos will come with a dedicated residential staff and offer all the amenities available to hotel guests. Condo residents will have a private entrance, but once inside the building will have access to the hotel and its offerings, including room service. Prices for those units will start at $900,000, with penthouses in the $3 million to $4 million range.
Project of The Week: Pendry Tampa, Florida
First announced in November 2021, Pendry Tampa and the accompanying Pendry Residences Tampa are both expected to open in the centre of the lively Tampa Riverwalk in the second quarter of 2024. Pendry Hotels & Resorts, Montage International’s luxury hospitality brand, is working in partnership with Two Roads Development to create this 37-storey property.
Tampa’s ‘X-Factor’ Is Driving Sales Interest In Pendry Hotel-Condo Tower
Reid Boren has already attempted to develop the last remaining vacant parcel on downtown Tampa’s waterfront once — but he’s even more bullish on the project the second time around.
Boren is managing partner of Two Roads Development, which is behind the 37-story hotel-condo proposed at Ashley Drive and Brorein Street. Both the hotels and condos will bear the flag of up-and-coming hospitality company Pendry, which is based in San Diego.
Numbers of Hotel Rooms Built Drops In 2021 But Rebounding In 2022
When COVID-19 first appeared, and for many months after that, there was a fear among those in hospitality that global tourism would be crushed and it would take years to recover. Airlines would shut down. Airports would empty. Amusement parks would shutter. Rental cars would gather dust.
And that hotels would bear an unfair brunt of the pandemic.