CA Student Living, a division of CA Ventures, is set to open six new student housing communities in 2019, which comprise over 3,000 new beds at college and university campuses in Florida, Indiana, Illinois, Iowa, Ohio, and Pennsylvania:
- Identity Miami: 621 beds, near Florida International University in Miami;
- Rise on Chauncey: 675 beds, near Purdue University in West Lafayette, Ind.;
- Latitude at River Landing: 665 beds, near the University of Iowa in Coralville, Iowa;
- The Link Evanston: 411 beds, near Northwestern University in Evanston, Ill.;
- Latitude at Kent: 384 beds, near Kent State University in Kent, Ohio; and
- The Link University City: 252 beds at Philadelphia’s University City, home to Drexel University, the University of Pennsylvania, the University of the Sciences, and the Restaurant School at Walnut Hill College.
Each of the six properties will be fully furnished and feature quartz or granite countertops, stainless-steel appliances in kitchens, a 1:1 bed to bath ratio, and in-unit laundry. All residences are equipped with USB outlets, flat-screen televisions, and high-speed Wi-Fi; upgrade options include smart home devices and rain-head showers with Bluetooth speakers. Units range from studios to four-bedroom apartments, depending on the community, and some offer upgraded penthouse suites.
Common amenities will include fitness centers, cyber lounges with free printing and scanning, private and communal study areas, rooftop lounges, and resort-style pools. Amenities unique to properties include a Volkswagen bus turned DJ booth at Identity Miami, a rooftop pool at Rise on Chauncey, and a basketball court and dog run at Latitude at River Landing.
Additional services include advanced security and programming to support study habits, prudent financial planning, and career goals. CA Management Services (CAMS) will manage the properties’ leasing and operations.
“We believe that if students love where they live, it enhances their overall college experience,” says JJ Smith, president of CA Student Living. “In supporting residents both socially and academically, these developments provide a way for students to become more connected to their peers, as well as to the various activities taking place on and around campus, all of which contributes to a healthier, more vibrant academic community.”
These new projects represent over 6% of the 47,000 off-campus student housing beds set to deliver this year across the country. CA Student Living has already begun construction on nine communities set to deliver in 2020, with over 4,000 beds altogether, and has another 24 communities in predevelopment for delivery between 2021 and 2023. Over the next five years, these projects represent over $3 billion in development.
