Providence, RI – Gilbane Development Company announced the launch of five new student housing developments around the country. All buildings plan to begin operations by fall 2020, apart from Octave at University of Illinois Urbana-Champaign, that is scheduled for fall 2019 occupancy. Altogether, the projects will hold over 3,500 beds and are valued at more than $400 million.
Future residents will have access to top-of-the-line amenities, including swimming pools, fitness centers, clubhouses, and computer labs. All communities offer students fully furnished units, featuring bed and bath parity, high-speed internet, diverse options and activities for physical and mental fitness and wellness, and personal and group study areas, among other best-in-class community areas to enjoy. The properties are designed to specifically suit the needs of today’s modern student and will be professionally managed.
The student housing developments include:
Octave – Champaign, IL
Octave, a two-building, 538-bed complex in Champaign, two blocks from The University of Illinois Urbana-Champaign campus, will open for student occupancy in 2019.
Alor – Tempe, AZ
Alor, a three-building, 946-bed purpose-built student housing and 64 units of market rate/workforce housing development just 1,000 feet from Arizona State’s Tempe campus includes 12,000sf of retail and a structured parking garage.
Sierra – Corvallis, OR
Sierra, a 228-unit building that abuts the southeast corner of Oregon State University’s campus in Corvallis, Oregon.
Towson Row Student Housing – Towson, MD
Towson Row is 720 beds of student housing just .3 mile from the Towson University campus and a $350 million mixed-use development with over 1 million sf of retail, hotel, residential, and office space in Towson, Md.
Bixby – Kennesaw, GA
Bixby at Kennesaw State University (KSU) in Kennesaw, Georgia, 30 minutes north of Atlanta, will consist of 656 beds, a structured parking garage, and approximately 3,000sf of retail.
