Campus Realty JV breaks ground on new student housing in Georgia

WCN Editorial Team 13 Nov 2019 NORTH AMERICA BUILDINGS

A joint venture of Campus Realty Advisors, Realiance and T2 Capital Management has started construction on Catalyst, a new student housing community in West Midtown Atlanta, Georgia.

The new development, being constructed adjacent to the campus of Georgia Tech, will cater to the students at the university.

Atlanta-based Campus Realty is responsible for the development and asset management of the project.

The project comprises 187 apartment units, including 532 bedrooms with an attached bathroom, and is expected to provide a safe, convenient place for students to live. Catalyst offers easy access to all areas of the campus and is in close proximity to a trolley and bus stop.

Facilities at Catalyst include fitness centre, multiple study rooms in each building, club rooms with collaboration and game areas, a STEM lab, a bike shop and storage area, a sky deck with views of the Atlanta skyline, three relaxing courtyards, a swimming pool deck with grilling and gathering areas, 24-hour package delivery lockers and convenient ride-share pick-up.

T2 Capital Management co-founder and CEO Jeff Brown said: “This opportunity fits squarely within our strategy. This is the best location for off-campus student housing in the Georgia Tech market.

“We’re working with Campus Realty on similar properties in other markets, and this type of location and product offering is always in high demand.”

Realiance managing partner Alf Span said: “We’re excited to offer Georgia Tech students the location and amenities that will help them excel in their campus life.”

The project is expected to be opened in the start of the fall semester in 2021.

Campus Realty principal Randy Herron said: “Our approach is to find properties that are walkable to campus and build communities specifically to meet the needs of the university’s students.

“We look forward to creating a quality living and learning experience for our residents and value for our partners.”

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Image: Campus Realty JV breaks ground on new student housing in West Midtown Atlanta, Georgia. Photo: courtesy of PR Newswire.

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