Summary:
- Castle Lanterra and DEVEN Group have secured land and entitlements for a new student housing development at 3525 Quadrangle Boulevard, Orlando, targeting the University of Central Florida area where less than 20% of full-time students are currently accommodated.
- The project, scheduled for completion in Q2 2027, will feature upscale residences with amenities including a sky lounge, rock-climbing wall, fitness center, conference spaces, and structured parking, located within a master-planned office community half a mile from UCF’s campus.
- Key partners include PLT America as limited partner and Sumitomo Mitsui Trust Bank as lender, marking their first student housing investment; the collaboration reflects a strategic expansion by established institutional investors into the Orlando student housing market.
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