Pendry Residences Tampa - rendering courtesy of Pendry Hotels & Resorts
Pendry Tampa: Ultra-Luxury Within Tampa's Boldest Development
Pendry Residences Tampa is the residential crown jewel of Water Street Tampa, the transformative $3.5 billion mixed-use district developed by Jeff Vinik's Strategic Property Partners in partnership with Cascade Investment. Water Street has reshaped downtown Tampa's waterfront with millions of square feet of office, retail, hotel, and residential space. Pendry sits at the top of this ecosystem, delivering branded ultra-luxury living within a walkable urban neighborhood that did not exist a decade ago.
The Pendry brand, operated by Montage International, is known for combining the intimacy and design sensibility of a boutique hotel with the service infrastructure of a world-class hospitality company. Pendry properties in West Hollywood, Manhattan, Chicago, and other markets have established the brand among discerning luxury buyers. Tampa is the latest market to receive this treatment, and the Water Street location provides a fundamentally different lifestyle proposition than the Bayshore Boulevard towers.
Residences and Floor Plans
Interior living space at Pendry Residences Tampa - image courtesy of Pendry Hotels & Resorts
Pendry Tampa is a 38-story tower with 207 ultra-luxury residences occupying levels 15 through 37, designed by internationally acclaimed architecture firm Arquitectonica with interiors by Studio Munge. Units range from one-bedroom, 1.5-bath residences at 1,380 square feet to expansive three-bedroom, 3.5-bath homes with dens at over 3,200 square feet. All residences feature 10-foot ceiling heights, floor-to-ceiling glass, and private terraces with waterfront views.
The design language is contemporary and refined, with natural materials and open floor plans that flow seamlessly between indoor and outdoor living spaces. Kitchens feature Sub-Zero and Wolf appliances, custom cabinetry, natural stone countertops, and integrated wine storage. Owner's suites include oversized walk-in closets, dual vanities, soaking tubs, and rain showers with marble finishes. Whole-home automation systems are standard, controlling lighting, climate, shades, and security from a single interface.
| Unit Type | Approx. Size | Price Range | Bedrooms |
|---|
| Tower Residence | 1,380 - 2,260 SF | $1.7M - $3M | 1 - 2 + Den |
| Premium Residence | 2,260 - 3,220 SF | $3M - $4.5M | 2 - 3 + Den |
| Penthouse | 3,200+ SF | $4.5M - $6M+ | 3 - 4 |
Amenities and Pendry Services
Rooftop pool
Spa-inspired bathroom
Pendry Tampa residents receive the full Pendry hotel service experience, integrated into their daily lives. The hotel and residential components share amenities while maintaining separate, private residential entrances and elevators. The service model is designed around the idea that residents should never have to leave the building for anything they need.
- Signature Restaurant - Chef-driven dining venue with in-residence delivery and priority reservations for residents
- Full-Service Spa - Pendry-branded spa with treatment rooms, sauna, steam room, and wellness programming
- 24/7 Residential Concierge - Dedicated team for residents, separate from hotel concierge
- Resort Pool Deck - Heated pool with cabanas, food and beverage service, and waterfront views
- Fitness Center - Top-tier equipment with personal training, yoga, and group classes
- Private Screening Room - Theater-quality viewing room for residents
- Valet and Secured Parking - Full valet service with private garage access
- Water Street District Access - Walkable access to retail, dining, parks, the Tampa Riverwalk, and the Amalie Arena
Location: The Water Street Tampa District
Private terrace views from Pendry Residences - image courtesy of Pendry Hotels & Resorts
Pendry Tampa's location within Water Street Tampa provides something fundamentally different from the Bayshore Boulevard towers. Water Street is a purpose-built, walkable urban district on Tampa's downtown waterfront, with curated retail, restaurant, office, and public spaces designed to function as a self-contained neighborhood. Residents walk out the door and into a vibrant streetscape with dining, shopping, parks, and the Tampa Riverwalk.
The Tampa Convention Center, Amalie Arena (home of the Tampa Bay Lightning), Sparkman Wharf, and the Florida Aquarium are all within walking distance. The Channel District and Harbour Island neighborhoods are adjacent, and the Bayshore Boulevard corridor is a short drive south. Tampa International Airport is approximately 15 minutes away.
Pricing and Market Position
Pendry Tampa commands the highest per-square-foot pricing in the Water Street district, with prices per square foot ranging from approximately $1,100 to $1,400 or more. This positions Pendry alongside The Tampa EDITION as one of the two most expensive luxury residential offerings in the Tampa Bay market.
The investment thesis for Pendry is tied to the broader Water Street development. As the district continues to mature and attract tenants, retailers, and cultural institutions, property values within Water Street are expected to appreciate. The branded-residence model adds a layer of value through service consistency and brand recognition that appeals to both domestic and international luxury buyers.
HOA Fees and Buyer Considerations
Monthly fees at Pendry Tampa are projected between $4,500 and $9,000 or more, depending on unit size and floor. These fees cover the full Pendry service platform, spa and pool access, concierge, building insurance, and common area maintenance. The fees reflect the hotel-grade service infrastructure that defines the branded-residence model.
Buyers should evaluate the rental program carefully. Pendry offers an optional owner's rental program through the hotel platform, which can generate income but involves management fees and revenue-sharing. Financing branded residences requires specialized lenders familiar with hotel-condo structures. Board approval is required for all purchases.
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