RISE, Appalachian State Open 640-Bed Residence Hall on the University’s Campus in Boone

Boone, N.C. — A public-private partnership between RISE: A Real Estate Co. and Appalachian State University has opened a 640-bed residence hall named Laurel Creek Hall. The property represents Phase II of development in a $200 million multi-phase project currently underway on the university’s campus in Boone. The project’s development team included Niles Bolton Associates, Choate Construction, Stanley D. Lindsey and Associates, RBC Capital Markets and Beyond Owners Group. RISE closed on financing for Phase III of the project in December 2020 and will deliver 753 beds and a 700-space parking garage to the university in fall 2022.