Virginia

Williamsburg, Va. — A joint venture between Broad Street Realty, Bridger Corp. and Lamont Street Partners is set to break ground on a 240-unit mixed-use community located near The College of William & Mary. The community is part of the final phase of development for Midtown Row, an experience-based retail, residential and entertainment district located in Williamsburg. This phase of development will include the construction of four, five-story buildings featuring 56,000 square feet of retail, 6,000 square feet of office space, 240 multifamily units targeting students and young professionals and a …

0 FacebookTwitterLinkedinEmail

Blacksburg, Va. — A joint venture between Core Spaces and Kayne Anderson Real Estate is set to break ground on Hub on Campus Blacksburg, a 1,530-bed student housing community serving students at Virginia Tech. The project will be delivered in two phases, with the first scheduled for completion in fall 2021. The second phase of development is set to open in fall 2022. The community will feature shared amenities including a resort-style swimming pool, fitness center, weight room, study lounges, walking paths and a 1,110-space parking garage. TSB Capital Advisors …

0 FacebookTwitterLinkedinEmail

Blacksburg, Va. — NorthMarq has arranged $16 million in construction financing for Park 37 Apartments, a 215-bed student housing community located near the Virginia Tech campus in Blacksburg. Mike Lowry of NorthMarq secured the loan through a regional bank on behalf of an undisclosed, Virginia-based developer. The financing features a three-year term with three years interest-only. The developer broke ground on Park 37 Apartments in April, with completion scheduled for July 2020. Shared amenities at the property will include a clubhouse, lounge, fitness center, swimming pool, fire pit, covered bike …

0 FacebookTwitterLinkedinEmail

Virginia Beach. Va. — The Franklin Johnston Group and Virginia Wesleyan University (VWU) have broken ground on Coastal 61 at Oxford Village, a planned 244-unit community situated adjacent to the university. The development will be located on a vacant site in Virginia Beach within an Opportunity Zone owned by the university. The property will offer one-, two- and three-bedroom floor plans ranging from 833 to 1,395 square feet. The project is expected to be complete in 2020. Communal amenities will include a rooftop sky park, two-story clubhouse and a swimming …

0 FacebookTwitterLinkedinEmail

Arlington, Va. — Gilbane Development Co. has announced the expansion of the company’s student housing platform and the appointment of Jeff Resetco as senior development director. Resetco will work to enhance the company’s capacity to develop student housing from a national platform in targeted markets both on- and off-campus and through a variety of transactional structures. Prior to joining Gilbane, Resetco was a senior director with EdR/Greystar, where he oversaw the development of several public-private partnership, on-campus properties. Resetco will lead the student platform from the company’s office in Arlington. 

0 FacebookTwitterLinkedinEmail

Houston — Asset Living has been awarded management of 10 student housing properties totaling 7,600 beds. Assignments include: Heights of Knoxville, located near the University of Tennessee The Hills of Harrisonburg, Northview; The Hills of Harrisonburg, Southview; and The Hills of Harrisonburg, Stonegate, all located near James Madison University in Virginia Park at Athens, Hillside, and Park at Athens, Lakeside, located near the University of Georgia in Athens West 20, located near the University of Florida in Gainesville 33 East, located near East Carolina University in Greenville One North and …

0 FacebookTwitterLinkedinEmail