(Tampa, Fla.) – The Henry, downtown Tampa’s first luxury lease-by-the-bed student oriented housing is ahead of schedule and already over 40 percent preleased to University of Tampa (UT) students. This week students got their first chance to do a walk through to see the finishing stages of construction on Tampa’s newest high rise and UT’s only preferred off campus housing option.
Students toured some of The Henry’s 188 apartments which will house 537 students as well as amenities like the pool, fitness center, and clubhouse. Located at 102 E. Tyler Street, at the northeast corner of Tyler Street and Ashley Drive, just one-half mile from the University of Tampa, apartments range from private 1 bed/1 bath units to shared 4 bed/4 bath options.
In addition to top-of-the-line finishes, residents will enjoy first class amenities including a resort style pool, clubhouse and amenity deck, a cross fit inspired fitness center, 500 square-feet of shared gathering spaces on every floor from 10 through 23, and designated studying spaces on the second floor with free to use private study rooms, on-site parking, stunning river and University of Tampa views, and state-of-the-art security systems and package delivery.
Lease-by-the-bed apartment products are a growing trend nationwide. Privately financed and professionally managed, apartment complexes like The Henry provide needed student housing in areas where traditional dorm expansion may not be feasible or possible.
“The University of Tampa has grown enrollment every year for over two decades, yet in our research, we found there is only one lease-by-the-bed building in all of downtown Tampa so there was really a need for more student friendly housing,” said Greg Minder, President of Intown Group, one of The Henry’s developers. “With The Henry, we really wanted to elevate the experience and provide a luxury option with all the bells and whistles you’d expect to find in a downtown high rise coupled with the lease-by-the-bed model that is so popular with students today.”
The lease-by-the-bed model allows students and their parents, who typically must co-sign leases, to only be responsible for their share of the rent. While The Henry is privately financed and managed, even though most students choose shared apartments they sign, pay and are responsible only for their housing, just like on campus housing. To-date The Henry is already more than 40 percent preleased for Fall 2021.
Prices range from $1,899-$2,159 for a one bedroom to $1,049-$1,439 for a shared 4 bed/2bath to 4 bed/4 bath. Water, sewer, trash, pest control and high speed internet (500mbps) are all included in the rental price – one more feature that makes lease by the bed an appealing option for many college students.
Development is being spearheaded by Tampa based Intown Group led by Greg Minder, a leading participant in the revitalization of downtown Tampa having developed early projects like Skypoint, Meridian in the Channel district, and Element in the urban core. The Development Team includes Development Ventures Group (New York, NY), Halstatt Real Estate Partners (Naples, FL), Moss Construction (Ft. Lauderdale, FL), and Niles Bolton Associates (Atlanta, GA).
By the numbers:
• 23 stories tall
• 16 stories of residences
• 188 apartments; housing 537 students
• 1,800 square feet of restaurant / retail on ground floor
• 500 square feet per floor of common space with hang out rooms, conference rooms, and a technology center
• 8th floor pool / amenity deck / club room
• 9th floor cross fit inspired fitness center
• Water / Bay / Riverwalk views
• Views to University of Tampa campus
• On-site parking garage
• On-site bicycle room / storage
• State-of-the-art security systems
• Package delivery system for online purchases