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Trinitas to Break Ground on 682-Bed Community Near the University of Michigan

by Katie Sloan

Ann Arbor, Mich. — Trinitas Ventures is set to break ground on The One, a 682-bed community located near the University of Michigan campus in Ann Arbor. The development will offer one-, two-, three-, four- and five-bedroom, cottage-style units. Shared amenities will include an indoor/outdoor fitness center, a business center, game room, resort-style swimming pool, fire pit, private study lounges, basketball and volleyball courts and a shuttle service to campus. A Trinitas-managed investment entity has provided equity financing for the project, and PNC Bank is providing construction financing. A timeline …

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DevelopmentMichiganNewsOn-campus

Western Michigan University Selects Gilbane as Developer of On-Campus Mixed-Use District

by Katie Sloan

Kalamazoo, Mich. — Western Michigan University has selected Gilbane Development Co. as the developer of its planned on-campus mixed-use district in Kalamazoo. The project — titled The Hilltop Village — will reimagine the southern portion of the university’s campus and include student housing, academic support spaces, office and research space, retail, entertainment, a hotel and conference space and multifamily housing. Further details on the project and a timeline for development have yet to be announced. “Gilbane looks forward to its partnership with Western Michigan University in delivering The Hilltop Village,” …

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MichiganNews

Public-Private Partnership to Develop $300 Million University of Michigan Research Center in Downtown Detroit

by Katie Sloan

Detroit — A public-private partnership has unveiled plans for a $300 million, 190,000-square-foot research and education center in downtown Detroit that the University of Michigan (U-M) will occupy and operate. Kohn Pedersen Fox designed the building that will anchor the 14-acre Detroit Center for Innovation (DCI). The research building is expected to eventually serve 1,000 graduate and senior-level undergraduate students pursuing advanced degrees in a range of high-tech innovation disciplines, including mobility, artificial intelligence, data science, entrepreneurship, sustainability, cybersecurity and financial technology. Construction of the DCI is slated to commence in 2021. …

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Investment SalesMichiganNewsOff-campus

Landmark Properties Acquires Two Communities Near the University of Michigan

by Katie Sloan

Ann Arbor, Mich. — Landmark Properties has acquired two student housing communities located near the University of Michigan campus in Ann Arbor. Acquisitions include the 248-bed Zaragon Place and the 198-bed Zaragon West. Both properties were built by Chicago-based development company Zaragon Inc. Landmark is set to implement a capital improvements program on both properties, which will include upgrades to unit interiors and common areas. Dorothy Jackman and Jamie Swick of Colliers International’s student housing group brokered the transaction.

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DevelopmentMichiganNews

EdR, Northern Michigan University Open First Phase of $75.4 Million On-Campus Housing Development

by Katie Sloan

Marquette, Mich.  — A public-private partnership between EdR (NYSE: EDR) and Northern Michigan University has opened The Woods, a 417-bed living-learning community located on the university’s campus in Marquette. The property is the first phase of a $75.4 million, 1,229-bed development scheduled for full delivery in 2018.

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