Alabama

Lumen Above Railroad Park

Birmingham, Ala. — Peak Campus has been awarded management of Lumen Above Railroad Park, a 474-bed development currently underway near the University of Alabama at Birmingham (UAB). The project is being developed by a partnership between Corporate Realty Development and Parallel Co. and is set to offer one-, two-, three-, four- and five-bedroom units. Shared amenities will include a fitness center, terrace pool with a tanning ledge, grilling stations, a top floor sky lounge and package management system. The development is scheduled for completion in fall 2021. “We are thrilled …

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The Marshall Birmingham

Birmingham, Ala. — Aptitude Development has broken ground on The Marshall Birmingham, a 409-bed student housing community located near the University of Alabama at Birmingham (UAB). The 200,000-square-foot, seven-story building will feature shared amenities including a state-of-the-art fitness center, resident lounges, breakout areas, an open-air social space, courtyards and a swimming pool. The development team for the community — slated for completion in summer 2022 — includes Stone Construction, BSB Design and CHA Engineering. “Despite a time of uncertainty, Aptitude is happy to find a University that has enrollment continuing …

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Tuscaloosa, Ala. — Greystar has acquired 17 acres in Tuscaloosa to develop Union on Frank, a $70 million student housing community serving students at the University of Alabama. The 200-unit property will comprise 396 beds and will be situated at 512 Frank Thomas Ave., two blocks from Bryant-Denny Stadium. The site currently has existing student and multifamily communities that will be demolished. A timeline for completion was not disclosed. Sean Baird, Jonathan Holt, Carter Brehm, Austin Weathington and Will Mathews of Colliers International represented both the buyer and undisclosed seller …

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The Walk Tuscaloosa

Tuscaloosa, Ala. — Spaces Management has opened The Walk Tuscaloosa, a 251-bed student housing community serving the students at the University of Alabama. The four-story building is located one block from Bryant-Denny Stadium and Tutwiler Hall. Unit interiors are fully furnished and feature quartz countertops, tile bathroom flooring, walk-in showers, vinyl plank wood-grain flooring and stainless steel appliances. Communal amenities include three fitness centers, private and group study spaces, a tanning bed, lounge area, pool, pool deck, fire pit and below-grade parking. Elite Building was the general contractor, and Poole & …

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Tuscaloosa, Ala. — Greystar has acquired at 1.71-acre development site located two blocks from the University of Alabama campus in Tuscaloosa. The property was sold by a partnership between Capstone Properties and Wright/Hurd Properties for an undisclosed price. Sean Baird, Jonathan Holt, Carter Brehm, Austin Weathington and Will Mathews of Colliers International brokered the transaction. Details on the planned student housing development were not disclosed. 

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Huntsville, Ala. — Alabama A&M University is set to offer Comcast’s Xfinity On Campus service. Students on the Huntsville campus will be able to watch live television, on-demand and recorded content on any of their IP-enabled devices, including laptops, tablets and smartphones. Xfinity On Campus offers more than 100 live channels including every major broadcast network, as well as channels like AMC, Bravo, ESPN, FX and MTV. Students are also able to use their subscription while off-campus through the Xfinity Stream app’s TV Everywhere function. 

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Auburn, Ala. — The Union at Auburn recently launched a ‘Worry-Free Renting’ program for students looking to lease an apartment for the upcoming academic year. In this program, students who sign a lease for fall 2020 will not have to pay rent until in-person classes begin or they decide to move into the community. The property is also promising that students will be allowed to cancel their lease if they are accepted into on-campus housing for the upcoming year before April 30, 2020. The Union at Auburn offers 505 beds …

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Auburn, Ala. — Construction is underway on 320 West Mag, a 719-bed mixed-use development located near Auburn University in Alabama. The community — developed by Holder Properties — will offer a mix of one-, two-, three-, four- and five-bedroom, fully furnished units with bed-to-bath parity. Shared amenities will include 11,500 square feet of retail space, three outdoor courtyards, grilling areas, a swimming pool, hot tub, an outdoor movie screen, a two-story fitness center, clubroom, gaming lounge and private and group study areas. The retail component of the property will be …

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Jacksonville, Ala. — Berkadia has arranged the $5.1 million sale of Park Place Apartments, a student housing community consisting of three buildings located near Jacksonville State University in Alabama. Caleb Frizzell of Berkadia arranged the disposition of the community to Hubbard Properties on behalf of the seller, Southside Apartment Company. Birmingham, Alabama-based ServisFirst Bank secured debt for the transaction.

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Tuscaloosa, Ala. — A joint venture between Landmark Properties and affiliates of the Goldman Sachs Merchant Banking Division has acquired two student housing communities located near the University of Alabama. Acquisitions include My House on Caplewood, a 150-bed student housing property, and My House on the 50, a 161-bed student housing property. The communities were acquired from South City Partners for an undisclosed price. 

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