Chicago — CA Student Living, the student housing investment and development arm of CA Ventures, is opening six student housing communities this fall valued in excess of $550 million. The properties — which offer more than 3,000 beds — are located in Florida, Indiana, Illinois, Iowa, Ohio and Pennsylvania. New openings include:
- Identity Miami, a 621-bed student housing community located three blocks from the Florida International University campus in Miami. The property offers one-, two-, three- and four-bedroom units. Shared amenities include a shuttle to campus; a 24-hour fitness and wellness center featuring a yoga room with Peloton bikes; a lobby lounge and coffee bar; a cyber lounge; private study rooms and a communal study lounge; and a sun deck with a resort-style pool and cabanas, as well as a vintage Volkswagen Bus retrofitted as a DJ booth on the pool deck.
Rise on Chauncey, a 675-bed student housing community located near Purdue University in West Lafayette, Indiana. The 16-story property offers studio, one-, two-, three- and four-bedroom units. Shared amenities include a 24-hour fitness center with a yoga room; a research room with conference seating and a study bar; a cyber lounge; private study rooms; a penthouse club lounge; an arcade room with a pool table; and a rooftop pool and hot tub. The development is also home to lower-level retail space occupied by The Tap, a craft brewpub that originated in Bloomington, Indiana.
- The Link Evanston, a 411-bed community serving students at Northwestern University in Evanston, Illinois. The property offers studio, one-, two- and three-bedroom units. Shared amenities include a 24-hour fitness center with CrossFit equipment, a game room, a meeting lounge, workrooms and a resort-style swimming pool and entertainment deck with grilling stations, a fire pit and cabanas.
- Latitude at River Landing, a 665-bed community located near the University of Iowa in Coralville. The community offers studio, one-, two-, three- and four-bedroom units. Shared amenities include a shuttle to campus, a 24-hour fitness and wellness center, a yoga room, club room, rooftop and sky lounges with balconies, a co-working and research room, a cyber lounge, private study rooms, an arcade room with pool and air hockey tables, a resort-style pool, a hot tub and sun deck, hammocks and grilling stations, a full-size basketball court and a dog run.
Latitude at Kent, a 384-bed community serving students at Kent State University in Ohio. The property offers a mix of studio, one-, two-, three- and four-bedroom units. Shared amenities include a 24-hour fitness suite featuring a yoga room with Peloton bikes; a club room and coffee bar; study lounges with balconies; a cyber lounge; private study rooms; a game room with televisions and a pool table; a resort-style pool, hot tub and sun deck with adjacent grilling stations; and a courtyard featuring a study deck and a bocce court.
- The Link University City, a 252-bed community serving students at Drexel University in Philadelphia. The community offers one-, two- and three-bedroom units, alongside six, two-level town homes. Shared amenities include a 24-hour fitness and wellness center, private study rooms, co-working and research lounges, a cyber lounge, breakfast and coffee bar and a sky lounge with a pool table, darts and televisions.
Units at each of the six properties opening this year will be fully furnished with bed-to-bath parity. “CA Student Living is doing what we’ve always done, delivering exceptional yet differentiated, pedestrian-oriented communities with thoughtfully designed amenities and modern accoutrements in university markets,” says JJ Smith, president of CA Student Living. “With investor interest at an all-time high, our team of seasoned professionals are sourcing some of the best campus-adjacent opportunities in the country.”