NICHE To Provide Economical Apartments In Downtown Tampa

TAMPA, FL — Wingspan Development Group and ABC Capital Corp. have broken ground on NICHE at North Hyde Park, a new six-story, 251-unit apartment community.

Located at 1116 W. Carmen St., near the intersection of West Cass Street and North Boulevard, NICHE will include 83 units under 400 square feet at prices starting under $1,000 per month, offering attainably priced housing for urban professionals and students.

The property is less than a half-mile west of downtown Tampa and adjacent to the University of Tampa, which has experienced a 30 percent increase in students since 2012.

“Our approach to NICHE was a direct result of looking at the market and trying to deliver what’s most in demand: attainably priced, Class A rentals,” said Jason Macklin, director of development for Wingspan. “Tampa rents are high. By offering many smaller units, we have the ability to offer ‘chunk rents’ below many other properties in our competitive set. NICHE at North Hyde Park will allow professionals working in the CBD and university students to live in the hot North Hyde Park neighborhood without a roommate – and in new apartments with a high level of finishes and an extensive building amenity package.”

NICHE’s amenity roof deck will offer downtown views, a resort-style pool, cabanas and fire pits. There will be additional fire pits, as well as grilling stations, in two landscaped interior courtyards at ground level. Residents also will enjoy a 24-hour indoor/outdoor fitness center, golf simulator, yoga studio, business center, co-working offices, community kitchens and lounges, as well as bike storage and repair, electric vehicle-charging stations and covered parking spaces.

Tampa’s new protected bike path, the Green Spine, is one block from the NICHE site, making it easy for residents to safely bike to work, school or other destinations.

“The building’s extensive amenities expand the walls for residents beyond their own units, giving them plenty of options for gathering with friends, working from home, working out, cooking for a group or just lounging by the pool,” said Macklin. “And with NICHE located in a bustling neighborhood, residents can easily explore and enjoy all the amenities outside the building, too.”

Most of the 83 micro units at NICHE will feature robotic furniture that can be controlled by residents via their smart devices. The building also will offer 34 studios, 67 one-bedroom units, 66 two-bedrooms and one three-bedroom residence.

Units will feature 9-foot ceilings, wood-style plank flooring, in-unit washer/dryers, walk-in closets and programmable thermostats. Kitchens will offer energy-efficient stainless steel appliances, quartz counters and tile backsplashes. Most units will have either a private patio or a balcony.

NICHE will be served by public transportation including Hillsborough Area Regional Transit Authority bus routes to downtown Tampa.

NICHE is being funded through Wingspan Development Group’s new $11.7 million WDG GP Fund, real estate private equity fund invested entirely in new multifamily development.

The project is scheduled to deliver its first units in early 2023 and, upon completion, will be managed by Lincoln Property Co.

This is the second development in North Hyde Park for Wingspan Development Group and ABC Capital Corp. The venture’s first project was Jade Apartments, a five-story mixed-use building at 608 N. Willow Ave. with 3,200 square feet of retail space and 192 luxury apartment units, the first of which will be completed later this year.