The Related Group has broken ground on Tower II of The Ritz-Carlton Residences, Tampa, the second of two 30-story luxury bayside towers in the city. The new building will have 94 condominium homes and six villas with open-floor plans measuring up to 5,700 square feet.
Sixty percent of the residences at the tower are already under contract and prices for the remaining units start at $1.7 million. The building is slated for delivery in 2026. The first tower, which has 89 residences and 12 villas, is nearing completion. Prices for the Tower I homes ranged from $1.6 million to $5.1 million.
The Tampa project marks the first time that Miami-based Related Group has joined forces with hotel brand Ritz-Carlton. Architecture firm Arquitectonica, design company Meyer Davis and Swiss landscape architect Enzo Enea also contributed to the luxury development on Tampa’s Bayshore Boulevard.
High-end finishes
Tower II at The Residences features floor-to-ceiling windows and wrap-around balconies, offering views of Hillsborough Bay and Downtown Tampa. Kitchens feature custom-designed Italian cabinetry and high-end finishes, including Sub-zero and Wolf appliances. Other unit features include 10-foot high ceilings, keyless entry door locks and other aspects of smart home technology, as well as spacious walk-in closets, full-size top-of-the-line washers and dryers and Kohler plumbing fixtures.
The Ritz-Carlton brand’s service and amenities will include a personalized concierge, on-demand spa service treatment rooms, separate steam rooms and saunas for men and women, a state-of-the art gym and a fitness studio. Amenities also include a swimming pool, spa and full-service food and beverage options, a playroom and entertainment area for children, a business center with conference and office space, media lounge with sports simulators, demo kitchen for entertaining and wine room with temperature-controlled storage. The property will have a rooftop terrace and bar, tennis and pickleball courts, a dog park and dog washing stations.
Related’s South Florida activity
Established in 1979, Related Group is a leading developer in Florida and across the country, with a development portfolio valued at more than $40 billion. The firm has built, rehabilitated and managed more than 100,000 condominium, rental and commercial units.
Earlier this fall, Related Group and partner Alta Developers began construction on Casa Bella Residences by B&B Italia, a condominium tower with 319 units in downtown Miami’s Arts and Cultural District. Arquitectonica is also the architect for this project, which is slated for completion in 2025. More than 80 percent of its units have already been sold. In May, Related Group started development of Casamar Residences, a 21-story, 119-unit luxury condo project in Pompano Beach, Fla. The project is expected to deliver in 2025.
