Student Housing Business

JAN-FEB 2017

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

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ARCHITECTURE January/February 2017 60 Randall Calvert 610.905.1647 rcalvert@tsbrealty.com Timothy S. Bradley 480.626.4416 tbradley@tsbrealty.com Austin Repetto 610.296.1844 arepetto@tsbrealty.com Shawn Sweeney 484.393.1479 ssweeney@tsbrealty.com Your full service, national investment sales fi rm ASPEN HEIGHTS FORT COLLINS TSB Realty closed on a 220-unit, 712-bed student housing complex near Colorado State University in Fort Collins. TSB Capital Advisors, an affi liated company, assisted Coastal Ridge Real Estate and H. Katz Capital Group in fi nancing the transaction. ARLINGTON COTTAGES & TOWNHOMES TSB Realty closed on a 179-unit, 732-bed student housing complex near Louisiana State University in Baton Rouge. TSB Capital Advisors, an affi liated company, assisted Coastal Ridge Real Estate and H. Katz Capital Group in fi nancing the transaction. Unmatched Experience • Exceptional Service • Proven Results Contact TSB Realty to market your property now SOLD SOLD Near the University of Minnesota, The 700 on Washington, designed by Cuningham Group, was developed with an eye toward the firm's hospitality background, lending it a style akin to an urban hotel or traditional multifamily community. Image courtesy of Gilbertson Photography University of Michigan campus. The 14-story, 570 bed project exemplifies the vertical, close to campus and luxuriously amenitized community that Faulkner says is trending. Amenities include fitness center, tanning, pool and hot tub, retail, game room, meeting rooms, outdoor lounge with fire pits and an internet café. Higher density on smaller parcels, without sacrificing amenities, was also the challenge in designing Domain at Tallahassee for Asset Campus Housing. Keith Malone, partner with Meeks + Partners, was part of the team that designed this new community about a block from Florida State University, which will open in fall 2017. "Being as close to campus as you can requires a very unique and efficient design," Malone says. "I think Domain at Tallahassee is emblematic of that. If you look at the plans, it's as efficient as it could possibly be." Malone explains that Domain at Tallahassee is a double-loaded design with a corridor down the center of the building with units on either side, and a majority, approximately 70 percent, of those units being four-bed- room, four-bath floor plans. Within those units, Malone says the layout incorporates an open design that eliminates dining room space, which can be returned to the design with a larger kitchen island with barstool seating. Students are also looking for storage space — not desk or study space — within their private bed- rooms. Washers and dryers as well as private bathrooms in-unit continue to be critical to students. "There's definitely been a move away from private study areas within the units themselves," Malone says. "We will counter balance that by providing more communal study areas within the clubhouse. Millennial college students value collaborative study spaces that are both easily acces- sible and well connected." SHB

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