Something new is emerging in downtown Tampa that will soon change the city's skyline.

Construction has begun on Pendry Residences Tampa (100 Ashley Dr. S. Suite 100), a 38-story, five-star hotel and residential tower along the Downtown Riverwalk.

The building will include 207 modern-designed residences, 220 hotel rooms and suites, and several penthouse pads.

The Pendry will have 32,760 sqft of retail space | Photo via Google My Maps

Have an appetite for luxe living? Residences start at $1,175,000. Each unit boasts expansive floor-to-ceiling windows and private terraces with Hillsborough River-facing views. Tenants will have access to a private lobby, rooftop pool, sundeck, private lounges, and wellness amenities.

This would be the first Pendry residence in the Sunshine State. The other three are in Natirar, NJ, Park City, Utah, and West Hollywood, CA.

This week construction crews began drilling tests to reinforce the building's foundation. The process is expected to take a few weeks. The building is projected to open in 2025, according to WFLA.

Head to the building's Instagram page to see the latest renderings.

Find out what else is building out TBAY's skyline here.