College Station, Texas — Arriba Capital has provided a $28.5 million construction loan for a new student housing project that will serve students attending Texas A&M University in College Station. The complex will feature 339 beds across 199 units, each of which will have a full kitchen, study desks and washer and dryer. Communal amenities will include a pool, fitness center, study lounges and a game room. BKV Group is the project architect, and McGough is the general contractor. The borrower was not disclosed.
Austin, Texas — Parallel has hired Austin Lewis as director of development and design. Lewis is rejoining the Austin, Texas-based firm, having previously worked as development associate. In his new position, Lewis will focus on operating, designing and developing best-in-class student housing projects. He brings 10 years of industry experience to the position. “We’re very excited to have Austin back in the family,” says Principal David Pierce. “He has returned to help us progress to the next level in leading the country in new student and multi-family developments. His depth …
Austin, Texas — American Campus Communities has announced senior leadership promotions. Michael Cipriano has been promoted to senior vice president of development; Brian Bowers has been promoted to senior vice president of construction management; Heather Laney has been promoted to senior vice president of procurement; and Kris Kelley has been promoted to senior vice president of acquisitions and asset management. “As we continue to grow, it will be the expertise of our talented leadership that helps ensure we are delivering a great experience for our residents while maintaining the implicit …
Austin, Texas — American Campus Communities has promoted Brian Bowers to senior vice president of construction management. Bowers joined the Austin, Texas-based company in 2015 as director of development management. In his new role, Bowers will continue to lead ACC’s construction management group and aid in the company’s efforts to increase its development pipeline. Since joining ACC, Bowers has assisted in the execution and delivery of over 15,000 beds. He also played a pivotal role in the development and construction supervision of Flamingo Crossings Village at Walt Disney World Resort.
Houston and Tallahassee, Fla. — Asset Living has been awarded management of two student housing communities in Florida and Texas. New assignments include Vue on MacGregor, a 347-bed community serving students attending the University of Houston in Texas; and The Campbell, located near Florida State University in Tallahassee. Vue on MacGregor offers a mix of fully furnished one-, two-, three-, four- and five-bedroom units. Shared amenities include dedicated study rooms, a swimming pool, two fitness centers, a business center and dog park. The Campbell offers two-, three-, four-, five- and …
Houston — JLL Capital Markets has arranged the sale of Vue on MacGregor, a 347-bed student housing community located near the University of Houston campus. Teddy Leatherman, Scott Clifton, Kevin Kazlow and Danielle Ric of JLL represented the seller, Trimont, and procured the buyer, Axonic Properties, in the transaction. Built in 2014, the community was 96 percent occupied at the time of sale. The property offers a mix of fully furnished one-, two-, three-, four- and five-bedroom units. Shared amenities include dedicated study rooms, a swimming pool, two fitness centers, …
San Marcos, Texas — The Preiss Co. has recapitalized Outpost San Marcos, a 486-bed student housing community located near the Texas State University campus in San Marcos. The property is owned by Preiss through a joint venture with an undisclosed, Los Angeles-based real estate investment firm. The community offers two-, three- and four-bedroom, furnished units with bed-to-bath parity. Renovations are planned for the community, which will total $3.3 million and include updated cabinetry, countertops, flooring and furniture in more than half of the units; exterior updates including the addition of …
Edinburg, Texas — Asset Living has been awarded management of The Grande, a student housing community located near The University of Texas Rio Grande Valley in Edinburg. The property offers a mix of one-, two- and four-bedroom, fully furnished units with bed-to-bath parity. Shared amenities include a swimming pool, sand volleyball court, clubhouse, fitness center, gaming area, “pet park,” study lounge and computer room.
Wellness Amenities, Updated Technology are Top Priority Among Today’s Students, Says InterFace Panel
Austin, Texas — With many markets today saturated with new student housing development, differentiating your project has become of paramount importance. One of the primary ways of doing that is by keeping in touch with the wants and needs of today’s student — and specifically your community’s surrounding demographic. This was discussed at length at the kick-off panel for InterFace Student Housing, which recently took place in Austin, Texas. In preparation for the panel — titled ‘What’s Trending in New Development: A Survey of 2023 New Deliveries & How Developers and Operators …
Austin, Texas — MDL Group has broken ground on Icon, a 30-story student housing tower in the West Campus neighborhood by the University of Texas at Austin. Hoar Construction is the general contractor for the project, which is set for completion in summer 2025. Icon will house 555 beds across 216 units ranging from one- to five-bedroom layouts. Amenities will include a rooftop pool, fitness center, game and lounge rooms, podcast studio and student workspaces. The project will also feature four levels of below-ground parking. Once completed, Icon will be one …