Mixed-Use Rental Building Jade at North Hyde Park in Tampa Nearly 60% Leased Within Just Five Months
Wingspan Development Group, a multi-state development firm active in multifamily and mixed-use properties, and ABC Capital Corp. announced Jade at North Hyde Park, which started pre-leasing in March (with a 100-person wait list for tours), is already 57% leased and welcoming first move-ins.
The new $46 million, mixed-use project offers 192 luxury apartments and resort-style amenities at 608 N. Willow Ave. in Tampa’s burgeoning North Hyde Park neighborhood, a walkable area filled with bars, restaurants and coffee shops.
With Tampa’s rental market exploding and rents at an all-time high – the city had the nation’s largest rent growth, 42%, since the start of the pandemic in March 2020, according to Apartment List – Jade is a new luxury option in North Hyde Park, conveniently located one-half mile from downtown Tampa, Armature Works food hall and other popular destinations.
Adding to Jade’s appeal, a well-known Tampa restaurateur signed a lease in March for two concepts, including the fifth location of a popular ramen shop along with a high-energy coffee house, for Jade’s 3,200-square-foot ground-floor retail space.
“The pandemic led people from all over the country to relocate, and many flocked to Tampa,” said Jason Macklin, director of development for Wingspan. “With this influx of people, we’ve only seen demand grow for newer, modern rental communities with all the bells and whistles. We’re thrilled with the market’s response to Jade so far and believe we have the right product at the right time for this market.”
Located at 608 N. Willow Ave., near West Cass Street, Jade at North Hyde Park offers a choice of studio and one- to four-bedroom units ranging from 463 to 1,421 square feet with luxe finishes. Units offer quartz countertops, tile backsplashes, undermount sinks, energy-efficient stainless steel appliances, wood-style plank flooring, in-unit washer/dryers and programmable thermostats. Some units also have built-in wine storage, dual-sink vanities in the primary bathroom, and/or covered balconies.
Jade also includes an array of amenities to enhance outdoor activities or fulfill remote working needs. Outdoors, residents will find a courtyard pool and poolside club, exterior kitchens and a yoga lawn. Independent coworking spaces and conference rooms cater to the work-from-home crowd, while a package concierge system eliminates delivery bottlenecks.
The building also offers a cybercafé, gathering lounge, bike storage and repair, smart phone building access, online residential portal app and 24-hour emergency maintenance. Jade is a pet-friendly community offering a pet spa and other amenities.
“Just as Tampa has become one of the nation’s top destinations for renters, Jade is quickly becoming a favorite choice for luxury living near downtown,” Macklin said. “It offers top finishes and amenities in a bustling neighborhood filled with new shops and restaurants – bringing all the benefits of city living. Along with our sister property NICHE, located nearby in North Hyde Park, Jade is offering renters an exciting new option in the Tampa market.”