Student Housing Business

MAR-APR 2018

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

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CAMPUS UPDATE March/April 2018 24 Clemson University VALEO, HARRISON STREET TO BREAK GROUND ON 994-BED COMMUNITY NEAR CLEMSON UNIVERSITY Clemson, S.C. — Valeo Groupe US, in conjunction with equity partner Harrison Street Real Estate Capital, is set to break ground on Epoch Clemson, a 994-bed student housing community located near Clemson University in Clemson. Ed Coco, Matt Casey and Libby Malloy of HFF secured a floating-rate construction loan for the property on behalf of the developers. Other terms of the deal were not disclosed. Epoch Clemson will comprise 15 buildings with a variety of cottage, townhome, brownstone and apartment units. Community amenities will include a resort-style pool and clubhouse, volleyball court, 24-hour fitness center, computer center and landscaped courtyards. With more than 3,600 feet of Lake Hartwell frontage, the community will also feature waterfront ame- nities including a private beach, boat docks, lakeside pedestrian paths and select units with lake views. The community is slated for completion in summer 2019. Mississippi State University EDR, MISSISSIPPI STATE BREAK GROUND ON 656-BED ON-CAMPUS COMMUNITY Starkville, Miss. — EdR and Mississippi State University have broken ground on College View, an on-campus, mixed-use development that will offer 656 beds of student housing upon completion. The project — set to target upperclassmen — will be built in phases, with Phase I set for delivery in fall 2019. Alongside housing, the property will feature 46,000 square feet of retail and commercial space, recreational amenities, outdoor entertainment zones, a 7,000-square-foot day care center and parking. The University of Illinois at Urbana-Champaign JOINT VENTURE BREAKS GROUND ON 548-BED COMMUNITY NEAR THE UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN Champaign, Ill. — A partnership between The Opus Group and The Carlyle Group has broken ground on a 548-bed community near the University of Illinois at Urbana-Champaign campus in Champaign. The 14-story community will offer floor plans ranging from junior studio units with full-size kitchens to four-bedroom units with bed-to-bath parity. Each bedroom will have solid doors with individual locks for each resi- dent to secure belongings in their space. Shared amenities will include an indoor basketball court; fitness center and spa; a coffee bar; group study rooms and lounges; a club room with pool tables, ping pong tables and large screen televisions; and an outdoor amenity space with a pool, fire pits and grilling stations. Construction began in December 2017 and will be complete prior to the 2019 fall academic semester. Purdue University JOINT VENTURE BREAKS GROUND ON 835-BED COMMUNITY AT PURDUE UNIVERSITY West Lafayette, Ind. — A joint venture between the Purdue Research Foundation, Balfour Beatty Campus Solutions and Walsh Investors has broken ground on Aspire at Discovery Park, an 835-bed student housing community located within a $1 billion development district on the west side of the Purdue University campus in West Lafayette. The three-build- ing, 387,000-square-foot complex will offer studio, two- and four-bed- room units alongside 18,000 square feet of community and retail space. Delivery is expected for August 2019. The 7 million-square-foot Discovery Park District is a partnership between the Purdue Research Foundation and master developer Browning Investments, and will include a hotel and conference center; restaurants; retail, office and business parks; research facilities; and industrial space. Emporia State University EMPORIA STATE UNIVERSITY TO BREAK GROUND ON 324-BED LIVING/LEARNING COMMUNITY Emporia, Kan. — Emporia State University is set to break ground on a $22 million, 324-bed living/learning community to replace two outdated residence halls on campus. The 91,000-square-foot building — named Schallenkamp Hall — will replace Central and Northeast Morse Halls. The community will offer single- and double-units in residential wings featuring lounge areas and community bathrooms. The property will also be home to two music practice rooms, an art studio, a team study room, a mid-sized classroom, flexible collaboration space and two-story lounges with community kitchens. KWK Architects is the design architect for the project, and HTK Architects is serving as the architect-of-record. The hall is scheduled to open August 2019. Mississippi State University IMS DEVELOPMENT TO BEGIN CONSTRUCTION ON 820-BED COMMUNITY NEAR MISSISSIPPI STATE Starkville, Miss. — IMS Development is set to break ground on The Vista – Starkville, an 820-bed community located adjacent to Mississippi State University. The property will offer studio, one-, two-, three-, four- and five-bedroom, fully furnished units. Shared amenities will include a resort-style saltwater pool, 24-hour fitness center, a Bamboo studio for yoga and other group fitness classes, an outdoor community area, a resi- dent gathering room and a business suite with free printing and internet access. The community will also feature a Sky Lounge for hosting resident events and shared study rooms, alongside 7,500 square feet of commercial space. The community is set to open in fall 2019. Small fish, Big results 972-677-7532 | Dive in with us!

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