Washington, D.C. — A public-private partnership between American Campus Communities and Georgetown University has broken ground on the redevelopment of Henle Village, an existing residence hall on the university’s campus in Washington, D.C. Following renovations, the community will offer an additional 278 beds, bringing the property’s bed count to 740. The residence hall will offer apartment-style units with kitchens and in-unit bathrooms. The project, which is expected for completion in summer 2025, is targeting LEED Platinum certification. “The transformative redevelopment of this centrally located residential community underscores Georgetown’s commitment to …
On-campus
Capstone, Boaz Ventures to Break Ground on $60 Million Student Housing Property Near University of Alabama Huntsville
Huntsville, Ala. — Capstone Development Partners and Boaz Ventures plan to break ground on a $60 million student housing property adjacent to University of Alabama Huntsville (UAH) in October. Located at 4315 Holmes Ave. NW near the UAH Campus Recreation Center, the community, dubbed Nexus on Holmes, will be a four-story, 249-unit property with a mix of one-, two- and four-bedroom apartments. Capstone and Boaz are envisioning the 239,000-square-foot residential property to house undergraduate and graduate students, as well as UAH staff. Amenities will include two courtyards, an outdoor pool, …
Public-Private Partnership to Develop 156-Unit Employee Housing Project at Appalachian State University
Boone, N.C. — A public-private partnership between Harrison Street, Radnor Property Group and Appalachian State University has announced plans for an employee housing project on the university’s campus in Boone. The development will be composed of five buildings offering 156 units in one-, two- and three-bedroom configurations. The community is expected for completion in 2025. Financing for the development will be provided through a 501c3 ownership structure, which is being utilized to enhance affordability. The community will be part of the university’s multi-phase Innovation District development. Subsequent phases of development …
Merced, Calif. — The University of California Merced (UC Merced) and Merced College have announced plans to jointly develop a 488-bed student housing project for community college and transfer students. The California Legislature gave final approval for the $100 million mechanism that will fund the project on Aug. 30. The Promise Housing facility will offer rooms on the UC Merced campus for income-qualified community college students that have met the academic requirements of the university’s Merced Promise agreement. The Merced Promise program was created to encourage the most promising and …
Do’s and Don’ts for a Smooth Custom-Furniture Experience: Case Studies Shed Light on Best Practices
Properly scheduling job site deliveries and services can prevent days of delay and added costs that arise when pivotal events in a project overlap. Even experienced student housing developers can forget this, not to mention new entrants to the industry, who may have only vague notions of the time and resources required to complete the many construction and vendor tasks that lead up to student move-ins. Just ask Amanda Bowen, director of business relations at Dickson Furniture Manufacturers. This summer, her team arrived on the appointed day to install furnishings …
Columbia, S.C. — A public-private partnership between the University of South Carolina and Greystar has opened Campus Village, a $240 million residence hall development. Construction on the project, which includes four buildings offering 1,800 beds, began in May 2019. Each six-story building is connected by pedestrian promenades that run alongside green space, courtyards and a clock tower. Beds are offered in pod-style units alongside shared amenities including study and classroom spaces and community kitchens. The development also features a 14,000-square-foot dining hall that seats 650 students; a sundry shop dubbed …
Michaels Student Living Completes 1,549-Bed Residence Hall at the University of California, Davis
Davis, Calif. — Michaels Student Living has completed Orchard Park, a 1,549-bed residence hall developed through a public-private partnership with the University of California, Davis and the Collegiate Housing Foundation. The development spans 11 buildings, offering 613 units for graduate students and students with families. The development also includes indoor amenity spaces, two community centers and programmed outdoor space. This community is the second phase of development for the public-private partnership, following The Green at West Village, a nine-building community offering 3,290 beds.
Balfour Beatty Plans $240 Million Student Housing Project at William & Mary in Williamsburg, Virginia
Williamsburg, Va. — Balfour Beatty Campus Solutions, a developer and operator of college and university real estate and infrastructure projects, has released plans for on-campus student housing options at William & Mary, a public research university in Williamsburg. The developer formed a public-private partnership with the school to bring the $240 million project to fruition. The new student housing accommodations will exceed 1,200 new beds. The general contractors, which includes Balfour Beatty’s buildings division and Richmond-based Kjellstrom+Lee, plan to break ground this month and open for student occupation in 2025. …
P3 to Break Ground on $157 Million Residence Hall Project at University of Hawaii at Mānoa
Honolulu — A public-private partnership between the University of Hawaii at Mānoa and Greystar is set to break ground on a $157 million residence hall project on the university’s campus in Honolulu. The 558-bed community will consist of two buildings rising 18 and 12 stories, respectively. The development will offer 316 units in studio, two-, three- and four-bedroom configurations, alongside a childcare facility, retail and cafe space, bike storage rooms, a laundry facility, mail and package room and outdoor amenity decks. Groundbreaking is scheduled to take place in September with …
Strategic underwriting is crucial to successfully closing student housing sector deals. The June 15 webinar “Intelligent Underwriting — Getting a Deal Done in Today’s Student Housing Market,” hosted by Student Housing Business and sponsored by College House, explored the innovative strategies and tools that can help real estate professionals find success via market analysis and due diligence. Expert panelists from the industry shared their insights, discussed emerging trends and provided practical tips to enhance underwriting processes within the student housing market. Learn more about the following topics: Register to watch the webinar and find more information. Download the slides for …