Iowa City, Iowa — CA Ventures LLC, through its student housing arm CA Student Living LLC, has broken ground on RISE at Riverfront Crossings, a 575,000-square-foot, mixed-use development located near the University of Iowa in downtown Iowa City.
The development will include a 15-story residential component with 332 units, 6,000 square feet of ground floor retail and a 14-story, 151-key Hyatt Place Hotel featuring 25,000 square feet of Class A office space.
When complete, the residential component will offer private studio, one-, two- and three-bedroom fully furnished units with bed-to-bath parity. Community amenities will include a fully-equipped fitness center and yoga studio; a smart fitness kiosk that will provide virtual fitness programming; a club lounge with billiards and poker tables; a “Gameday Room” and theater; a business center with a study lounge; a 10,000-square-foot rooftop deck with an outdoor spa, Jumbotron and viewing area; and grilling stations with communal tables.
The Hyatt Place Hotel will offer studio suites, each with separate living and sleeping areas, a large desk, an oversized sleeper sofa and a 42-inch television. Chicago-based Hartshorne Plunkard Architecture is the lead architect on the project, while Des Moines-based Beal | Derkenne Construction has been retained as general contractor.
The development — set to be located at the former site of St. Patrick’s Church — is scheduled for completion in summer 2018, with pre-leasing for the residences set to begin in August 2017.