College Park, Md. — A public-private partnership (P3) between Campus Apartments, Mosaic Development Partners and the University of Maryland has broken ground on a $148.8 million graduate student housing project on the university’s campus in College Park. The community is the first of a larger, three-phase development that will replace the existing “Leonardtown” section of campus. Upon completion, which is anticipated for 2027, the building will span 323,000 square feet. The community will offer 741 beds across 465 fully furnished units in studio, two-, three-, four- and five-bedroom configurations. Shared amenities …
On-campus
Gen Z is shaking up the status quo when it comes to traditional student housing marketing strategies. Meanwhile, new predictive leasing technology enables better approaches for savvy owners and operators ready to shift toward more insightful, data-driven marketing attribution methods. One doesn’t need to be a marketing expert to see the vast differences between Gen Z and its predecessor cohorts in everything from consumer behavior and expectations to the media channels they frequent. “There is a view in the marketing world that Gen Z ‘broke’ the marketing funnel, and that …
North Andover, Mass. — A public-private partnership between Greystar Real Estate Partners and Merrimack College has broken ground on a residence hall development on the university’s campus in North Andover. Upon completion in fall 2026, the community will offer 540 beds across two four-story buildings. The first building will span 79,600 square feet and offer 351 “traditional style” beds with academic space and gathering areas on the first floor. The second, 61,300-square-foot building will offer 189 beds in suite-style units with en-suite living rooms and bathrooms throughout. The community, which will …
San Francisco — San Francisco State University (SFSU) has completed West Grove Commons, a 700-bed residence hall located on the university’s campus in San Francisco. The 120,000-square-foot community features a cluster format wherein groups of 35 students occupy triple rooms with a dedicated lounge and all-gender bathroom facilities. The six-story project was funded by a California Affordable Student Housing grant and the community will offer beds with a 25 percent reduction in room fees compared to SFSU’s standard rates. The project also includes a second 50,000-square-foot building, which will feature a …
Lexington, Ky. — A public-private partnership (P3) between Harrison Street, Greystar Real Estate Partners and the University of Kentucky is set to break ground on a 649-bed residence hall project on the university’s campus in Lexington. The community will replace the university’s former Kirwan-Blanding Complex and offer 344 units. The project is being developed to support the institution’s enrollment growth, as a record number of first-year students were admitted to the university at the start of the past academic year. Further details on the community, which is expected for completion in …
Columbia, S.C. — Construction is underway on Gateway 737, a 940-bed student housing development located on the University of South Carolina campus in Columbia. The project is being developed by a public-private partnership between Holder Properties and the University of South Carolina Foundations and is expected for completion in August 2025. The community will include 12,500 square feet of retail space, a three-story meeting and event space and dedicated parking spaces. Shared amenities will include a rooftop lounge; two-story, state-of-the-art fitness center; resort-style swimming pool; tech lounge; and game room. The …
Gilbane, Purdue University Fort Wayne to Break Ground on 600-Bed Residence Hall Project
Fort Wayne, Ind. — A public-private partnership between Gilbane and Purdue University Fort Wayne is set to break ground on a 600-bed residence hall. The 213,000-square-foot project will be located near Ginsberg Hall on the university’s North Campus in Fort Wayne. The community will rise four stories and offer units in studio through four-bedroom configurations. Shared amenities will include a convenience store, fitness center, gaming room, study spaces, lounges, a reception area, leasing office and multi-purpose space. The community will also offer outdoor amenities including a hammock farm, green spaces, a …
Cobblestone Development Plans 719-Bed Student Housing Community Near Tennessee State University
Nashville, Tenn. — Cobblestone Development & Consulting has announced plans for a 719-bed student housing community located across from the Tennessee State University campus in Nashville. The Industrial Development Board has approved the issuance of $180 million in bond financing for construction of the community, dubbed Cobblestone Village Residence, which will feature two buildings offering 155 units. The 280,000-square-foot development will offer units in three-, four- and five-bedroom configurations. Construction is expected to begin in June with completion planned for fall 2026. The development team for the project includes Lamar Johnson …
UC Santa Cruz, Redtree Partners to Break Ground on 400-Bed Residence Hall Development
Santa Cruz, Calif. — A public-private partnership between The University of California (UC) Santa Cruz and Redtree Partners is set to break ground on a residence hall development. The community will be located on Delaware Avenue and will offer 400 beds for upper-division undergraduate students and units for 60 university employees. The student housing portion of the project will offer rents priced at 20 percent below market rate and the employee housing will be priced at approximately 5 percent below market rate. Seven employee units will meet the city’s affordable housing …
Student housing is capturing the attention of developers, investors and institutional lenders as university enrollment and record rent gains position the sector to outperform other property types. That’s one of the dominant themes evident in Walker & Dunlop’s recently released 2024 Student Housing Outlook. Although transaction volume declined to $5.7 billion in 2023 from the previous year’s all-time high of $24 billion, strong operating fundamentals are attracting new entrants to the sector, including institutional investors and lenders. “Student housing is entering a resurgence where we predict continued outperformance relative to …