Beverly Hills, Calif. — Kennedy Wilson has provided two senior construction loans for the development of student housing communities in Wisconsin and Texas. The Beverly Hills-based firm provided financing to an undisclosed borrower for the development of Charme on Eagle, a 463-bed project located near the University of North Texas in Denton. The second loan was provided to an undisclosed borrower for a 910-bed development located near the University of Wisconsin campus in Madison. Each of the projects will offer high-end amenities including resort-style swimming pools and spas, fitness centers, private …
Wisconsin
Subtext, Harrison Street Complete 536-Bed Community Near University of Wisconsin-Madison
Madison, Wis. — A joint venture between Subtext and Harrison Street has completed VERVE Madison, a 12-story student housing development located two blocks from the University of Wisconsin-Madison. ESG Architecture & Design served as the architect for the 536-bed, 142-unit community. The project team also included Stevens Construction Corp., civil engineer JSD Professional Services and landscape architect Damon Farber. Harrison Street served as the lead investor, while Old National Bank was the lender. The 278,143-square-foot property offers fully furnished one-, two-, three-, four- and five-bedroom units. The rooftop features a swimming …
Eugene, Ore. and Madison, Wis. — Development and investment firm CRG has delivered two new student housing developments in Oregon and Wisconsin. Located near the University of Oregon, Chapter Eugene totals 302 beds across 12 stories, with a mix of studio to five-bedroom layouts. Amenities at the property include a fitness center and multiple resident study areas. Chapter Madison, situated near the University of Wisconsin-Madison and designed by Lamar Johnson Collaborative, features 534 beds across 165 units, with studio to five-bedroom configurations. Amenities at the 10-story property include a fitness center, …
Core Spaces to Develop Three Student Housing Communities Near University of Wisconsin-Madison
Madison, Wis. — Core Spaces will develop three student housing communities totaling 4,000 beds near the University of Wisconsin-Madison campus. The developments are set for delivery between 2026 and 2028 and will include a 12-story community offering 910 beds at the intersection of West Johnson and North Bassett streets; a 15-story, 1,723-bed property offering studio through five-bedroom units and townhomes at the intersection of West Johnson and North Broom streets; and a 15-story, 1,330-bed property located at the intersection of North Frances and West Johnson streets. 10 Percent of beds at …
Construction Underway on 534-Bed Development Near the University of Wisconsin-Madison
Madison, Wis. — Construction is underway on Chapter at Madison, a 534-bed student housing development located near the University of Wisconsin-Madison campus. The 10-story project is being developed by CRG and is expected for completion in September 2024. Located at 802 Regent St., the development will offer a mix of studio, one-, two-, three-, four- and five-bedroom units. Shared amenities will include a fitness center and yoga studio; private study spaces and conference rooms; a rooftop terrace and lounge with grilling stations, fire pits and gaming areas; and an underground …
Subtext Begins Development of 536-Bed Student Housing Community Near University of Wisconsin-Madison
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.