Greystar to Break Ground on 850-Bed Community Near the University of North Carolina at Chapel Hill

The 850-bed student housing community is located at 425 Hillsborough Street near the University of North Carolina at Chapel Hill. The 850-bed student housing community is located at 425 Hillsborough Street near the University of North Carolina at Chapel Hill.

Chapel Hill, N.C. — Greystar is set to break ground on an 850-bed student housing community located near the University of North Carolina at Chapel Hill campus.

The 348,886-square-foot property will feature apartment- and townhome-style units, study spaces, a swimming pool, extensive fitness facilities and a rooftop deck. Townhouse Apartments LLC tapped Greystar to develop the property, developed the product concept, managed design, coordinated the entitlement and delivered permits for the project. Eyzenberg & Company represented Townhouse Apartments in the selection of Greystar, and structured the ground lease for the development. The project is set for completion prior to the 2020-2021 academic year. 

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