CA Student Living, the student housing investment and development division of Chicago-based CA Ventures, is set to open six student housing communities comprising more than 3,000 beds and valued in excess of $550 million. The communities are located in Florida, Indiana, Illinois, Iowa, Ohio and Pennsylvania.
Since 2008, CA Student Living has delivered more than $5 billion in near-campus housing across the United States encompassing more than 40,000 beds and has already begun construction on an additional nine communities, featuring nearly 4,000 beds, to be delivered in fall 2020. Together with another 24 communities in the predevelopment phase, which would deliver between 2021 and 2023, it represents a five-year tally of more than $3 billion in executable development.
Residences at each of the six properties delivering in 2019 will be fully furnished and include European-style cabinetry, quartz or granite countertops and stainless steel appliances in kitchens; in-unit washer and dryer; and a 1:1 bed-to-bath ratio. In addition, residences are equipped with tech-friendly features like USB outlets, flat-screen televisions, surround sound and high-speed Wi-Fi, while some include upgraded options such as rain-head showers with Bluetooth speakers and smart features like Nest thermostats, Amazon Alexa and Phillips Hue lighting controls.
Each community will offer advanced security systems and additional resident services, including CA Student Living programming, designed to enhance study habits, encourage prudent financial planning and assist in attaining career goals.
CA Management Services (CAMS), the firm’s property management arm, will manage leasing and operations for the 2019 portfolio, which includes the following properties:
Identity Miami (621 beds) – Florida International University; Miami, Fla.
Located at 400 SW 107th Ave., Identity Miami is just three blocks from FIU’s main campus and around the corner from the university’s College of Public Health, College of Nursing & Health Sciences, College of Medicine and Department of Biostatistics. The 15-story building offers one- through four-bedroom floor plans, including upgraded penthouses. Amenities include a shuttle to campus, 24-hour fitness and wellness center, yoga room with Peloton bikes, lobby lounge with coffee bar, cyber lounge with free printing and scanning, private study rooms, communal study lounge, sky lounge with balcony, and clubroom with TVs, a pool table and demo kitchen. Outdoor amenities include a sun deck with resort-style pool and cabanas, as well the first-ever vintage Volkswagen Bus retrofitted as a DJ booth on the pool deck.
Rise on Chauncey (675 beds) – Purdue University; West Lafayette, Ind.
Steps from the Purdue University campus and popular shopping, dining and nightlife destinations along State Street and Chauncey Avenue, Rise on Chauncey is a 16-story high-rise at 100 S. Chauncey Ave. offering studio through four-bedroom residences, including penthouse units with upgraded finishes. Spanning nearly 20,000 square feet across four floors, amenities include a 24-hour fitness center with yoga room and Fitness On Demand; research room with conference seating and study bar; cyber lounge with free printing and scanning; private study rooms; penthouse club lounge; and arcade room with pool table. Outdoor amenities include a rooftop pool and hot tub; adjacent sky terrace with an outdoor TV, hammocks, a fire pit and grills; and a gaming courtyard. The development’s lower-level retail space will house The Tap, a craft brewpub that originated in Bloomington.
The Link Evanston (411 beds) – Northwestern University; Evanston, Ill.
Located at 811 Emerson St. and nestled in the heart of downtown Evanston just one block from the Foster Purple Line stop and a short walk to the Davis Street/Evanston Metra stop, The Link Evanston features 411 beds in a mix of studio, one-, two- and three-bedroom floor plans. Amenities include a 24-hour fitness center with CrossFit equipment and Fitness On Demand, club/game room, meeting lounge and well-appointed workrooms. Outdoor amenities include a resort-style pool and entertainment deck with grilling stations, a fire pit and cabanas. The nine-story building also offers indoor bike storage and garage parking.
Latitude at River Landing (665 beds) – University of Iowa; Coralville, Iowa
Perched along the Iowa River in the fast-growing Iowa River Landing District of Coralville, Latitude at River Landing is a five-story community less than a mile from the University of Iowa campus. The development at 104 E. 7th St. features studio through four-bedroom apartments steps from nearby restaurants and retail, including a Trader Joe’s. On-site amenities include a dedicated resident shuttle, 24-hour fitness and wellness center, yoga room with Fitness On Demand, clubroom with TVs and a fireplace, rooftop and sky lounges with balconies, co-working and research room, cyber lounge with free printing and scanning, private study rooms and an arcade room with pool and air hockey tables. Outdoor amenities include a resort-style pool, hot tub and sun deck; adjacent courtyard with a Jumbotron, fire pit, hammocks and grilling stations; full-size basketball court; and dog run.
Latitude at Kent (384 beds) – Kent State University; Kent, Ohio
Located at 1450 E. Summit St., across from the heart of the Kent State University campus, Latitude at Kent is a five-story community with a mix of studio, one-, two-, three- and four-bedroom residences. Amenities include a 24-hour fitness suite, yoga room with Peloton bike and Fitness On Demand, clubroom with coffee bar, study lounges with balconies, cyber lounge with free printing and scanning, private study rooms, and game room with TVs and a pool table. Outdoors, residents have access to a resort-style pool, hot tub and sun deck with adjacent grilling stations, as well as a separate courtyard with study deck, fit pit and bocce court.