Gainesville, Fla. — Lincoln Ventures has closed on a development site at 1209-1227 W. University Ave. near the University of Florida campus in Gainesville. The company is set to break ground on a 502-bed student-oriented community.
The 10-story, 280,000-square-foot property will include structured parking, commercial space and ground floor retail. Shared amenities will include a cafe; study lounge and study rooms; a rooftop pool with grills, cabanas and a Jumbotron screen; bike and scooter parking; and a fitness center with weights, cardio equipment, saunas, and yoga and spin studios.
Lincoln Ventures collaborated with the Gainesville Housing Authority and the City of Gainesville during the planning process to provide 10 percent of the total available units to be set aside in perpetuity and rented at an affordable housing rate.
The community is scheduled for completion in summer 2023. The development team for the project includes Rabren General Contractors, architect Dwell Design and interior designer Variant.