American Campus Communities (ACC), an owner, manager and developer of student housing properties in the USA, has begun the construction of four new projects with an investment of around $156.6 million. The company’s four owned projects, which will have a total of 3,249 beds, are located close to the college campus.
As part of its American Campus Equity program, the company is constructing a 1,126-bedded housing on the Northern Arizona University campus. The project, valued around $60.6 million, will include a 576-bed of student town home community and a modern residence hall with 550 beds. The town home building will incorporate a private bedroom and bathroom design with extra amenities. The hall will include a community center that will include a theater, fitness center, business center and a social lounge. The building will also have a 4,360 sq. ft. shopping center.
At the campus of University of New Mexico, ACC is constructing a 1,027-bed modern hall, providing more privacy. It includes bathrooms within each unit. The project valued $39.4 million will include four individual buildings, each complete with kitchen, laundry, social lounge and study room facilities. A community center with a recreational area, business lounge and office area is included in the construction.
The U Club on Frey from ACC is an off-campus community center close to Kennesaw State University in Georgia. The project constructed at a cost of $22.5 million is a townhome unit with four-bedroom/four-and-half-bathroom three-story and will include 456 beds along with other regular features. Its U Club Townhomes on Marion Pugh is close to Texas A&M University in College Station. The project, valued at $34.1 million, will include two-story townhome units with four bedrooms and four bathrooms. The construction measuring 7,560 sq. ft. will have 640 beds.
Source: http://www.americancampus.com/