Here’s what’s happening in student housing…
Fayetteville, Ark.—Greystar Awarded Management near University of Arkansas
Greystar Student Living has been awarded management over Fountain Residential Partners’ Beechwood Village. The 670-bed housing community was designed by Modus Studio to be a modern, cottage-style community arranged around a central park. Beechwood Village sits within one mile of the University of Arkansas.
Boulder—New Certification Launched by UniversityParent to Evaluate Housing
Best for Parents is a new certification tool launched by UniversityParent this week to help parents sort through housing options according to their priorities. The certification takes into account such aspects as safety, convenience, student-friendliness, quality of management, and maintenance.
Berkeley, Calif.—UC Berkeley to Build New Student Housing
The University of California Berkeley is making plans to replace a small facility on campus with a 8-story, 770-bed mixed use student housing facility. The new building will be organized into “pods,” each fostering its own distinct character and community. Completion is set for fall 2018.
Baton Rouge, La.—Sterling University Housing Project Earns Green Recognition
The Dinerstein Cos.’s student housing affiliate, Sterling University Housing, has taken the title of largest Platinum-certified LEED for Homes Student Housing project in the United States. The development, Sterling Burbank, serves students of Louisiana State University with apartments that are 43 percent more efficient than average new apartment homes, and 73 percent more efficient than existing ones.
State College, Penn.—CA Student Living Purchases Lot for $7.5 Million
CA Student Living acquired a recently re-zoned State College property at 538 E. College Avenue, currently home to Kildare’s Irish Pub. The firm plans to build an 11-story high rise for student housing. In fulfillment of zoning requirements, the new structure must meet sustainability requirements, feature ground floor commercial space, and offer at least two floors worth of professional and graduate housing.
Pasadena, Calif.—Art Center College of Design Unveils Innovative Student Housing Additions
The south campus of the Art Center College of Design is slated for a transformation. Plans were unveiled this week for an addition of three mixed-use buildings which would offer student housing at below market value. Renovations also include the construction of a continuous elevated bike path that would roll from one end of campus to the other, an elevated quad, and new public exhibitions.
Battle Creek, Mich. —Annex Proposes Renovation of Complex near Kellogg Community College
Annex Student Living has made a proposal to rehabilitate and reopen Sheborne Park Apartments, a complex currently in disrepair. The complex sits immediately across the street from KCC. According to Annex’s presentation to the area housing authorities, the redevelopment would cost roughly $5.1 million, a project which it hopes to begin as early as January.
Milwaukee, Wis.—Ogden & Co. Arranges Sale, Acquires Management of Four Apartment Complexes
Wiegand Investments sold four student housing buildings to Charles Tunkieicz Farms Inc. for $6.8 million this week. The sale was brokered by Ogden & Co. Inc, who will assume management over the property. The facilities serve students of Marquette University.
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