Charlotte, N.C. — Three new Grove communities are being built in Kentucky, North Carolina and Pennsylvania.
Charlotte, N.C. — In its first-quarter earnings release, Campus Crest Communities announced that it has begun construction of two joint venture projects with Harrison Street Real Estate Capital at the University of North Carolina-Greensboro and the University of Louisville. Both projects will deliver for the 2014-2015 academic year and have a total estimated cost of $65.5 million.
The Grove at Greensboro will consist of 584 beds using Campus Crest's ninth generation of its apartment building prototype. The Grove at Louisville will offer 654 beds. These two properties, along with The Grove at Cira Centre South, a Philadelphia high-rise that's a joint venture with Brandywine Realty Trust and HSRE, comprise the company's 2014-2015 deliveries.