Greystar, Merrimack College Break Ground on 540-Bed Residence Hall Project

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 offer housing for first- and second-year students, will also include a fitness center and in-building laundry facilities. The project was designed by Cube 3. Funding for construction was raised from tax-exempt bonds underwritten by Stifel and issued by MassDevelopment. An affiliate of the Collegiate Housing Foundation, a non-profit 501(c)(3) owner of student housing facilities, will own the assets through a long-term land lease with Merrimack College.