Student Housing Business

JUL-AUG 2018

Student Housing Business is the voice of the student housing industry.

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CAMPUS UPDATE July/August 2018 StudentHousingBusiness.com 22 The University of North Carolina at Chapel Hill GREYSTAR TO BREAK GROUND ON 850-BED COMMUNITY NEAR THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL Chapel Hill, N.C. — Greystar is set to break ground on an 850-bed student housing community located near the University of North Carolina at Chapel Hill campus. The 348,886-square-foot property will feature apartment- and townhome-style units, study spaces, a swimming pool, extensive fitness fa- cilities and a rooftop deck. Townhouse Apart- ments LLC tapped Greystar to develop the property, developed the product concept, man- aged design, coordinated the entitlement and delivered permits for the project. Eyzenberg & Company represented Townhouse Apartments in the selection of Greystar, and structured the ground lease for the development. The project is set for completion prior to the 2020-2021 aca- demic year. The University of Louisville APTITUDE DEVELOPMENT TO BREAK GROUND ON 591- BED COMMUNITY NEAR THE UNIVERSITY OF LOUISVILLE Louisville, Ky. — Aptitude Development is set to break ground on The Marshall Louisville, a 591-bed student housing community located near the University of Louisville in Kentucky. The 10-story property will offer fully fur- nished units with shared amenities including a 2,500-square-foot, outdoor terrace on the top floor; a gym; study lounges; and game rooms with views of Churchill Downs. The develop- ment is expected for completion in fall 2020. Aptitude Development is working with Pre- scient to virtually plan, design and construct the building. BSB Design has also been tapped to assist with design, and Whittenberg Con- struction will build the project. The University of Louisiana at Lafayette RISE, UL LAFAYETTE BREAK GROUND ON 600-BED ON-CAMPUS MIXED-USE DEVELOPMENT Lafayette, La. — The University of Louisiana at Lafayette and RISE: A Real Estate Company have broken ground on a 281,000-square-foot mixed-use development located on the univer- sity's campus in Lafayette. The 600-bed com- munity will offer two-, three- and four-bedroom student apartments with full kitchens, bed-to- bath parity and in-unit washers and dryers. The property will also feature 5,000 square feet of ground floor retail space. Shared amenities will include a clubhouse with a fitness center, business center, study rooms, game rooms and a resident lounge; a swimming pool with tan- ning ledges; a sand volleyball court; and grill- ing pavilions distributed throughout multiple courtyards. The property will also feature a pedestrian bridge to campus over an existing drainage canal. The Lemoine Company is the project's general contractor and Niles Bolton Associates is the project architect. The develop- ment will be financed through a partnership with the private, nonprofit Ragin' Cajuns Facil- ities Inc., which will serve as the project owner of the new facilities. The community is set for completion before the fall 2019 semester. Development | JV Partnerships | Public-Private Partnerships | On and Off Campus | Value Add Acquisitions Our single-source, turnkey development program includes equity financing, construction and development of exceptional student housing. www.gilbaneco.com/development The Next Level of Student Housing ® Through our trademarked Next Level of Student Housing ® program, Gilbane Development Company has completed/in development 9,500 beds. Russell Broderick Senior Vice President 401-456-5897 rbroderick@gilbaneco.com Andrew Ang Development Director 267-256-4516 aang@gilbaneco.com Michael Apt Development Director 267-256-4520 mapt@gilbaneco.com Christian Cerria Development Director 571-551-7706 ccerria@gilbaneco.com Student Housing – Corvallis, OR (OSU) OPENING SUMMER 2020 Octave – Champaign, IL (UIUC) OPENING SUMMER 2019 Student Housing - Towson, MD (at Towson Row) - OPENING SUMMER 2020 Student Housing - Tempe, AZ (ASU) OPENING SUMMER 2020 Greystar is set to break ground on an 850-bed student housing community located near the University of North Carolina at Chapel Hill campus.

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