{"id":44031,"date":"2025-11-12T18:18:08","date_gmt":"2025-11-12T18:18:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/44031\/"},"modified":"2025-11-12T18:18:08","modified_gmt":"2025-11-12T18:18:08","slug":"luxury-meeets-demand-tampas-675m-hotel-ora-surges-past-200m-in-sales","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/44031\/","title":{"rendered":"Luxury meeets demand: Tampa\u2019s $675M Hotel ORA surges past $200M in sales"},"content":{"rendered":"

ARC Tampa Development and Prosper Group have reached a major milestone. The companies have secured more than $200 million in presales for Hotel ORA + Private Residences<\/a>, a $675 million luxury condo-hotel planned for downtown Tampa<\/a>.<\/p>\n

Located at 1101 East Jackson Street near Water Street<\/a>, the project will bring a five-star experience to the city\u2019s core. Construction<\/a> is set to begin in the first half of 2026.<\/p>\n

SIGN UP FOR TBBW\u2019S FREE NEWSLETTER<\/a><\/p>\n

What we know<\/p>\n

Sales for Hotel ORA, launched nine months ago, have already surpassed $200 million. The project includes 627 hotel suites and 31 private residences, each with private elevator access, terraces, high ceilings and wide city views. <\/p>\n

\"Rendering<\/p>\n

Prices start at $742,000 and range up to $1.5 million for condos, featuring eight penthouses and one $10 million residence designed by Miami-based designer Maricarmen Castillon.<\/p>\n

RELATED: The Tampa EDITION\u2019S Chris Southwick on Tampa\u2019s luxury market<\/a><\/p>\n

\u201cWe\u2019re bringing a South Beach-inspired experience to Tampa,\u201d said Luigi Novembre, co-founder and COO of ARC Realty Group. \u201cThe response shows how much demand there is for this type of investment.\u201d<\/p>\n

The development is the first in Tampa to introduce a true condo-hotel model. Owners can generate income while enjoying professional management and low fees.<\/p>\n

What\u2019s happening now<\/p>\n

The Hotel ORA team has been promoting the project across Japan, Korea, Mexico, California and New York to investors and agents who see Tampa as a growing luxury market<\/a>.<\/p>\n

\u201cHotel ORA offers flexible ownership, low management fees and income potential,\u201d said Jay Roberts, CEO of Prosper Group. \u201cThere\u2019s no other short-term rental property like it in Tampa, and ORA fills that need.\u201d<\/p>\n

\"JayJay Roberts, CEO of Prosper Group.<\/p>\n

READ: Red Room After Hours brings late-night luxury to downtown Tampa<\/a><\/p>\n

The project will feature a rooftop pool with hot tubs, live music and private cabanas. Guests will have access to a lobby bar and patisserie, a full-service spa, a fitness center and a national steakhouse with 10,000 square feet of restaurant space. It will also include 15,000 square feet of convention space and a rooftop helipad.<\/p>\n

What this means for Tampa Bay<\/p>\n

Hotel ORA highlights Tampa\u2019s continued growth<\/a> as a destination for high-end development and investment. The $675 million project builds on the city\u2019s recent wave of mixed-use and luxury projects in Water Street and beyond.<\/p>\n

READ: Public Storage buys Valrico self-storage site for $6.9M<\/a><\/p>\n

For buyers, it offers a new type of real estate<\/a> opportunity. For Tampa, it reflects the confidence developers and investors have in the city\u2019s future.<\/p>\n

Hotel ORA + Private Residences is being developed by ARC Realty Group, Prosper Group and Sunwest Construction. Groundbreaking is expected in 2026.<\/p>\n

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Read more TBBW stories<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"ARC Tampa Development and Prosper Group have reached a major milestone. The companies have secured more than $200…\n","protected":false},"author":2,"featured_media":44032,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[28954,28955,6184,385,1626,28956,28957,28958,20222,28959,135,28960,13693,137,136,11863,27416],"class_list":["post-44031","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tampa","tag-arc-tampa-development","tag-condo-hotel","tag-downtown-tampa","tag-featured-business-news","tag-florida-real-estate","tag-hospitality-investment","tag-hotel-ora","tag-luxury-condos","tag-luxury-development","tag-prosper-group","tag-tampa","tag-tampa-construction","tag-tampa-growth","tag-tampa-headlines","tag-tampa-news","tag-tampa-real-estate","tag-water-street"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/44031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=44031"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/44031\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/44032"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=44031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=44031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=44031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}