Charleston, South Carolina and Boca Raton, Florida – October 23, 2023 — Morris, Manning & Martin advised TMGOC Ventures in its development of the new Ritz Carlton Hotel and Residences in Savannah, GA. The development will include turning two buildings on East Bryan Street into a mixed-use Ritz Carlton. The plans call for just over 100 hotel rooms and about 20 residences at two of the tallest buildings in downtown Savannah. The Ritz will connect two buildings: 2 E. Bryan St. and 14 E. Bryan St. The 108-year-old, 15-story, stone-faced building at 2 E. Bryan St., is a contributing resource in the Historic District, formerly known as the Savannah Bank and Trust.
TMGOC Ventures, a joint venture partnership between The Montford Group and Opterra Capital, a real estate and development private equity firm headquartered in Charleston, S.C. and Boca Raton, Fla., has more than 150 years of combined experience specializing in the hospitality and multi-family sectors. Since its inception in 2019, TMGOC has grown rapidly, amassing $1 billion in existing and development pipeline investments.
The MMM team included Thomas Gryboski, Catherine Morgen, Matthew Peurach, Daniel Weede, Bruce Smith, Charles Hicks, and Colby Nelson. TMGOC Ventures announced the development plans were approved on October 18, 2023.