The tiny living space movement is coming to Tampa.
- Rent will start in the mid $800s
- Residents won’t be allowed to have car on premises
- 9,000 square foot ‘community environment’ included
Urban Core Holdings, LLC is acquiring a 12-story building on East Madison Street and will convert much of the space into 300-400 square foot apartments. Each would be the average size of a hotel room.
“We think the market for this project is younger working professionals, the younger work force working in the downtown area that don’t want to be involved in a commute, and that see so many cool things happening in the downtown area,” said Omar Garcia, Urban Core Holdings Development manager.
Monthly rents are expected to start in the mid $800s. The project is expected to take about 8-12 months to complete, but the company will begin taking reservations April 17.
The building will include about 9,000 square feet for a community environment with a gym, pet care, movie area and more.
The first floor will hold retail businesses and restaurants, and the second floor will be used for offices.
Urban Core Holdings said about 66,000 people work in downtown Tampa but have balked at living downtown because of prices.
Residents of the new facility won’t be allowed to have a car there.
“We believe that there is a significant segment of the market that is willing to give up some space and even a car to live in downtown Tampa at an affordable price and enjoy everything that the city of Tampa has to offer, without a roommate,” said Omar Garcia, Urban Core Holdings Development manager.