Hotel ORA + Private Residences first phase sells out in 40 days, topping $84 million (RENDERINGS)

The first phase of Hotel ORA + Private Residences, a $675 million condominium-hotel project planned for downtown Tampa, has sold out within 40 days of launching.

The initial phase sales totaled more than $84 million, with 97 units purchased. Located at 1101 East Jackson Street, the development will include 658 units, comprising 31 private residences and 627 condo-hotel suites.

“We are excited to bring this project to Tampa,” said Luigi Novembre, co-founder and chief operating officer of ARC Realty Group. “Selling Phase One in only 40 days exceeded our expectations.”

Novembre added that demolition at the project site is scheduled to begin on Jan. 1, 2026.

Phase Two is now underway, offering buyers early introductory prices and incentives.

The hotel-condominium concept at Hotel ORA is targeted toward income-oriented buyers, according to Novembre. The units range in price from $640,000 to more than $2 million, with 22 floor plans and eight penthouse layouts available.

Amenities planned for the property include a rooftop infinity pool, private cabanas, a poolside restaurant and bar, a 10,000-square-foot steakhouse, an upscale lobby bar, spa, fitness center and a rooftop heliport.

The project is being developed by ARC Realty Group, in collaboration with Sunwest Construction and Prosper Group.

You May Also Like
Success in Today’s Real Estate Market Requires a More Creative Approach to Finance

Success in Today’s Real Estate Market Requires a More Creative Approach to Finance Whether you’re an agent, investor, or just an average homebuyer, the real estate market you’re operating in

Read More
Success in Today’s Real Estate Market Requires a More Creative Approach to Finance by Tatiana Zagorovski
Kolter Urban unveils ultra-luxury beachfront residences in Naples (RENDERINGS)

Kolter Urban and BH Group have opened the sales gallery for Olana Naples Residences, an exclusive beachfront development, offering 12 estate-sized homes, starting at $30 million. Located at 294 14th

Read More
Basis Industrial acquires five Tampa Bay business parks for $60 million

Basis Industrial, a privately held real estate owner and operator, based in Delray Beach, has acquired a portfolio of five business parks in the Tampa Bay area, for $60 million.

Read More
Luxury waterfront project in Sarasota moves ahead with $208M financing

Developers PMG and MoneyShow have secured a $208 million construction loan for One Park Sarasota, an 18-story luxury condominium project, in downtown Sarasota’s waterfront district. The financing, provided by RMWC,

Read More
Other Posts
Tampa General names president for Medical & Research District

Tampa General Hospital has named Jennifer Crabtree as president of the Tampa Medical & Research District, effective Oct. 1. Crabtree, who will also serve as senior vice president of Tampa

Read More
Tampa Bay Wine & Food Festival draws thousands, names top chefs and dishes

The third annual Tampa Bay Wine & Food Festival wrapped up a five-day run that drew more than 10,000 attendees and raised funds for two charitable causes supporting youth nutrition

Read More
Dalí Museum launches ‘Flavors of Spain’ dinner series featuring Tampa Bay chefs

The Dalí Museum will debut a new culinary series, in May, that celebrates Spanish culture through food, with a rotating lineup of top Tampa Bay chefs creating one-night-only dining experiences.

Read More
Food, friendship & business: How these two TBBW covers are building a winning partnership

In the world of food distribution and retail, collaboration is the key to success. Two notable leaders in the industry, Cammie Chatterton, chief executive officer of Bay Food Brokerage, and

Read More