Plans have been revived for a prime piece of real estate along Downtown Tampa’s famed riverwalk. Developer Two Roads Development has partnered with Montage Hotels & Resorts to develop Pendry Tampa, a 38-story luxury hotel and residential building planned to rise at 103 Ashley Drive South. The project is comprised of a 5-star hotel with 220 rooms at the base of the tower, with 207 Pendry Residences throughout the upper floors, and opulent amenities. Pendry Tampa would be the fourth residential location of it’s kind, and Tampa Bay’s third five-star luxury branded residence.
Sales have launched for the highly-anticipated Okan Tower, a 70-story mixed-use skyscraper planned to rise at 555 North Miami Avenue in the epicenter of Miami’s urban core. Designed by Behar Font & Partners for Turkish real estate developer Okan Group, the 902-foot-tall structure will be anchored by Hilton Hotel & Residences and yield 163 Sky Residences with exclusive owners-only amenities, 236 Condo-Hotel Residences, a five-star hotel-resort with 316 room and endless amenities, and Class A Office Space. Plans for the project are now being fast-tracked with Fortune Development Sales leading sales and marketing.
The Chetrit Group’s vision for the 6.2-acre Miami River may finally come to fruition after landing a loan to begin construction. The New York City-based developer was granted $310 million in financing from Madison Realty Capital for the first two phases of the 4.2 million-square-foot mega project in Brickell, which is comprised of building the first of four towers and the additions and improvements to the riverwalk. The deal was arranged by Henry Bodek of Galaxy Capital Group, and is collateralized by the land for the last three phases. Kobi Karp is the architect for development, which will ultimately yield 1,928 residential units, 330 hotel rooms, 196,882-square-feet of retail space, and 98,040-square-feet of office space across multiple glass-clad towers along with boat slips, an outdoor theater, a residents lounge, a business center, a state-of-the-art gym, a pool, and a café.
The Development Review Committee of the City of Fort Lauderdale is now reviewing proposals for 2025 East Sunrise Boulevard, a 15-story commercial building near Victoria Park and Lake Ridge neighborhoods. The development would rise on a vacant 18,949-square-foot lot west of the Middle River, bound by the East Sunrise Boulevard bridge crossing into Coral Ridge on the south and the East Point Towers residential complex on the north and west along North Federal Highway. The project is designed by Miami-based Beilinson Gomez Architects and being developed by Sunrise 2025 LLC, planned to yield 132 hotel units with 108 parking spaces.
New York-based developer The Chetrit Group awaits permitting for their plans to build four 60-story rental skyscrapers along the Miami River. Designed by Kobi Karp, the pending tower cluster titled Miami Riverwalk Towers is addressed as 275 Southwest 6th Street in the north-western perimeters of the Brickell neighborhood, spanning 20 plots of land bounded by SW 3rd Ave. to the west, SW 7th Street to the south, SW 2nd Ave. to the east, and SW 5th Street to the north while also adjacent to the river waterfront and nearby the Interstate-95.