TAMPA, Fla. – (July 8, 2020) – The Related Group today announced plans to introduce The Ritz-Carlton Residences, Tampa along the city’s iconic Bayshore Boulevard. The initial vision for the five-acre site includes a collection of best-in-class condominiums and select townhouses, boutique in scale at about 100 units each in two high-rise buildings. The property represents the finest combination of architecture, design, art and luxury lifestyle, and will be a first-of-its kind addition to the city.
The property is currently underway in the approval process with the City of Tampa. Once complete, presales of residences and townhomes in the first phase will begin in late 2020, with construction expected to commence in late 2021 and complete in 2024. Construction launch of phase two will follow.
“Tampa is emerging as a vibrant, next-generation city and after seeing this maturation first-hand, we feel the market is ready for a project of this caliber,” said Related’s Senior Vice President Mike Hammon. “Related is known for delivering community-defining projects with museum quality art, which will only be enhanced by the five-star services and luxury synonymous with the Ritz-Carlton brand. This is truly a defining project for the region and will quickly become its most anticipated new address.”
The exterior and landscape architecture will pay homage to the site and its prime location on Bayshore Boulevard. The property will embody an urban oasis, with lushly landscaped, manicured grounds and elegant interiors. Residences will be meticulously designed for the most discerning tastes, with private elevator entries, open floor plans, well-appointed interiors and sprawling views of the Bay. A host of amenities and services will complement the residential living experience.
The Ritz-Carlton Residences, Tampa is latest project within Related’s growing portfolio in Tampa and neighboring St. Petersburg. It comes on the heels of recent completions including Manor Riverwalk, Town Westshore, ICON Central, and ICON Harbour Island. Related is also working on West River, a mixed-income redevelopment just west of downtown Tampa.
For more information, please visit www.relatedgroup.com/.
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About Related:
Established in 1979, The Related Group is Florida’s leading developer of sophisticated metropolitan living and one of the country’s largest real estate conglomerates. Since its inception, the privately held company has built, rehabilitated and managed over 100,000 condominium, rental and commercial units. The firm is one of the largest Hispanic-owned businesses in the United States with a development portfolio in excess of $40 billion in 40 years.
The Related Group has earned international status for its visionary designs and development of luxury condominiums, market-rate rentals, mixed-use centers and affordable properties – often in emerging neighborhoods that impact the lives of all demographics. The Related Group has redefined real estate by diversifying both its products and buyers, expanding internationally while also sponsoring public art installations that enhance cities’ global culture and streetscapes.
TIME Magazine named Founder, Chairman and CEO of The Related Group, Jorge Pérez, one of top 25 most influential Hispanics in the United States. Currently, The Related Group has over 70 projects in varying phases of development.
The Ritz-Carlton is a federally registered trademark of The Ritz-Carlton Hotel Company, L.L.C. The Ritz-Carlton Residences, Tampa, are not owned, developed or sold by The Ritz-Carlton Hotel Company, L.L.C. or its affiliates (“Ritz-Carlton”). Tampa Bay Oaks Condo, L.L.C. uses The Ritz-Carlton marks under a license from Ritz-Carlton, which has not confirmed the accuracy of any of the statements or representations made herein.