Madison, Wis. — Subtext has begun development of VERVE Madison, a 536-bed student housing community near the University of Wisconsin-Madison campus. The project will rise 12 stories at 506 W. Johnson St. In addition to fully furnished units, VERVE Madison will feature 19,000 square feet of amenity space with a rooftop pool, outdoor terrace, fitness center, coffee bar, study lounge, dog walk and pet spa. Stevens Construction Corp. is the general contractor and ESG is the architect for the project, which is scheduled for completion in fall 2024. “With record breaking …
Madison, Wis. — CRG is set to break ground on Chapter at Madison, a 534-bed student housing development located on Regent Street near the University of Wisconsin-Madison campus. The 10-story community will offer 165 furnished units in studio, one-, two-, three-, four- and five-bedroom configurations, alongside 2,200 square feet of ground floor retail space. Shared amenities will include a fitness center, yoga studio, private study spaces, conference rooms, a rooftop terrace and lounge, grilling stations, fire pits and an underground parking garage. Construction on the project will begin in December …
Becovic, Next Realty Acquire 232-Unit Apartment Portfolio Near Marquette University for $16.1 Million
Milwaukee — A joint venture partnership between Becovic and Next Realty has acquired a 14-building, 232-unit apartment portfolio within a one-mile radius of Marquette University in Milwaukee. The purchase price was $16.1 million. Units range from studios to four-bedroom floor plans. The portfolio was 95 percent leased at the time of sale. Taylor Grant of Park Equities represented the seller, Wiegand Enterprises LLC, which had owned the portfolio for roughly 20 years. Marquette University is home to nearly 12,000 students.
Oshkosh, Wis. — Construction is currently underway on Annex 71, a 310-bed development by Annex Student Living near the University of Wisconsin – Oshkosh.
Madison, Wis. — The construction of Core Spaces’ The James student housing development near the University of Wisconsin campus in downtown Madison is ahead of schedule.
Milwaukee, Wis. — Landmark Properties has been awarded management of Eleven25 at Pabst, a 151-unit student housing project in downtown Milwaukee.
Bethesda, Md. — Walker & Dunlop Inc. provided $695 million in 2014 in financing for off-campus student housing properties throughout the United States. This is an increase of 160 percent from 2013.