Summary:
- Development Ventures Group, known as Deven Group, has formed a strategic partnership with Parallel, as two of the student housing industry’s top developers combine forces to execute forward-thinking, high-quality projects around the country.
- The partnership’s first joint project is a 265-unit, 631-bed student housing development planned at the corner of James Avenue and 5th Street, steps from the Baylor University campus in Waco, Texas. The transaction will break ground in April 2026 and deliver in summer 2028.
- The seven-story project will offer a mix of studios to five-bedroom accomodations and will include 14,000 square feet of amenity space, including a resort-style pool deck and sky lounge. The project is strategically planned with a higher mix of studios, one-bedrooms, and two-bedrooms to serve an unmet demand that currently exists in the market.
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