Ames, Iowa — A joint venture between EdR and River Caddis Development has broken ground on a 537-bed community located near Iowa State University in Ames.
The property will offer studio, one-, two-, three- and four-bedroom units and 7,500 square feet of ground level retail space. Community amenities will include two outdoor resident amenity decks, an outdoor hot tub, club room, fitness center, study rooms, a leasing lounge and residential parking. EdR will be the 70 percent owner and manager of the $51.9 million development, which is targeting a summer 2018 delivery. Opus Design Build LLC is the design-builder for the project, and Opus AE Group LLC is the architect and structural engineer of record.