by Ann Withanee — July 25, 2011—American Campus Communities, Inc., reportedly one of the largest owners, managers and developers of quality student housing properties in the U.S., has started construction on a $34.8 million off-campus student housing complex next to Texas Tech University and a $44.8 million off-campus project adjacent to the University at Buffalo (SUNY Buffalo).
Texas Tech University’s Village at Overton Park, Lubbock, Texas, is across University Avenue from the Jones AT&T Football Stadium and is adjacent to The Shoppes at Overton Park, a vibrant, student-oriented retail center. The 612-bed development is designed as an urban infill community and will be the closest and newest property in proximity to Texas Tech’s core campus, with modern amenities and spacious units.
The property will feature a 7,400-square-foot community center that includes a fitness center, social lounge, wireless Internet café, outdoor grills and a resort-style pool. The community will consist of four-bedroom and four-and-a-half bathroom, three-story townhome units constructed on top of conventional four-bedroom and four-bathroom flat units. In addition, there will also be a limited number of two-bedroom flats. All units will be fully furnished and include washers and dryers. The project also contains a gated parking garage.
The University of Buffalo’s off-campus Villas on Rensch, Amherst, New York, is under construction across the street from one of SUNY Buffalo’s main entrances and will be the closest off-campus student community to core campus. The 610-bed property will feature an 8,900-square-foot community center that includes a fitness center, game lounge, student lounge, and wireless Internet café along with a patio and outdoor amenity area featuring gas grills, an outdoor fireplace, a spa, and two covered bus shelters with heating.
The community will offer a newly designed, spacious, four-bedroom and four-bathroom, two-story townhome unit, which will be fully furnished and feature private bedroom and bathroom accommodations with washers and dryers.
The Village at Overton Park and Villas on Rensch are scheduled to open for occupancy in August 2012, with leasing commencing this August.
