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.