US & Canada

A developer is looking to make a big change to an area between Stadium Road and Jefferson Park Avenue in Charlottesville. The proposed twelve-story apartment complex focused on student housing would house 1,500 people. It would be one of the largest developments in the city’s history.

The Fayetteville Planning Commission recommended making room for a student housing complex planned near Center Street and West Avenue by vacating an alley right of way on Monday. A student housing complex with more than 500 beds is planned for the area, according to plans presented to the commission.

Student Quarters, an investor that specializes in student housing, acquired for $181 million an Atlanta apartment tower that caters to Georgia Institute of Technology students.

This month, the U announced a new P3 (public private partnership) agreement with American Campus Communities (ACC) to nearly double the number of on-campus housing units over the next decade.

Vesper Holdings has acquired 33 North, a 427-bed student housing community located near the University of North Texas in Denton. Built in 2013, the mid-rise property offers a mix of one-, two-, three- and four-bedroom units with bed-to-bath parity.

The North Philadelphia skyline is about to transform in a significant way thanks to The Legacy on Broad, a 329-foot, 28-story-tall high-rise proposed at 1518-28 North Broad Street next to the Temple University campus.

Newmark has arranged the sale of Maverick Place, a 382-bed student housing community located near the University of Texas at Arlington campus. The garden-style community offers a mix of one-, two- and four-bedroom units (117 total) with bed-to-bath parity.

Berkadia has arranged the sale of The Rocks, a 376-bed student housing community located near the Michigan State University Campus in East Lansing, Michigan. The garden-style property was built in 2015 and is situated at 16970 Chandler Road.

Student housing asset manager Student Quarters paid $181 million to acquire HERE Atlanta, a 350-unit, 29-story tower at Spring Street. CA Ventures was the developer/seller of the tower, which opened in 2021. The project is two blocks east of Georgia Tech.

Chicago-based Harrison Street has announced a deal to acquire a 20-acre student housing property within walking distance from the University of Arkansas in Fayetteville. The real estate asset manager purchased The Vue at 1111 Stadium Drive, south of Martin Luther King Jr. Boulevard.