Gilbane Growth Firm Completes Over three,000-Beds of New Scholar Housing Previous to the Begin of the Fall 2020 Semester

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Gilbane Development Company Completes Over 3,000-Beds of New Student Housing Prior to the Start of the Fall 2020 Semester

PROVIDENCE, RI – Gilbane Development Company has completed development of four new student housing projects and provided over 3,000 beds for students at Towson University, Arizona State University, Oregon State University, and Kennesaw State University prior to the start of the fall semester. The Gilbane Development Company's new and existing student housing portfolio was 97% occupied as of August 2020.

In addition, Gilbane Development was selected as the trusted developer for more than 2,500 beds on campus and secured over $ 300 million in funding for new student housing developments in 2019 and 2020.

The completed student housing estates include:

Altus – Towson, MD, where Gilbane Development is part of Towson Row, a $ 350 million mixed-use development with over SF1 million of retail, hotel, residential and residential buildings, 720 bed student housing just 0, Made available office space in Towson, MD 3 miles from Towson University campus. Amenities include a club room, fitness center, computer lounge, study, game room, and two elevated courtyards that together include a swimming pool, BBQ area, fire pit, bocce court, animal park, and more. Gilbane Development is also currently developing The York at Towson Row, which is expected to ship in August 2021.

Apollo – Tempe, AZ, a purpose built, 943 bed, 64 unit dormitory for market price / labor (Array on Apache) located just 300 meters from the Tempe, Arizona campus of Arizona State University. The array features SF 12,000 retail and structured parking, as well as the best amenities on the market including two unique pool areas: a rooftop pool with panoramic views and a courtyard pool. Additional amenities include a 25,000 SF rooftop terrace and sky lounge, a 6,000 SF open-air fitness center with cardio, full-weight and fitness / yoga centers, courtyards with fire pits, cabanas, spa, central clubhouse and a 24-hour Hour study lounges, game rooms, and computer room;

Sierra – Corvallis, OR, a 228-unit building on the southeast corner of the Oregon State University campus in Corvallis, Oregon. Amenities include a heated pool, clubhouse, fitness center, game room, group study rooms, structured parking lot, garage and 3 courtyards. The property is just blocks from downtown Corvallis. and,

Bixby – Kennesaw, GA, at Kennesaw State University (KSU) in Kennesaw, GA, 30 minutes north of Atlanta, consisting of 656 beds, a structured parking garage and approximately 3,000 SF of retail. The Bixby has a heated salt water pool and a Skydeck roof terrace with a view of the KSU football stadium.

“We are proud of each of our many team members and project partners, from planning to construction to property management and operations, who have worked tirelessly together to turn these exciting projects from vision to reality for students, parents and locations across the country said Russell Broderick, senior vice president of Gilbane Development Company.

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