Tampa development secures $520 million in construction financing
September 15, 2025 - A delayed condo and hotel development in downtown Tampa has secured $520 million in construction financing. Two Roads Development, the South Florida-based firm behind The Pendry Tampa and The Pendry Residences Tampa, announced Monday that Sculptor Real Estate and Nuveen Green Capital will provide the financing for the 38-story, 220-key hotel and 207 condominiums. The announcement notes that Florida's Commercial Property Assessed Clean Energy (C-PACE) initiative facilitated the financing, which is the "largest-ever C-PACE transaction to date."