EUGENE, OR – A $ 100 million student housing project called Union on Broadway at 476 East Broadway is planned to be developed. Greystar and Star America Infrastructure Partners recently acquired the site along with their affiliates Star America.
This project is Greystar's first with Star America and the first major development in Eugene. Construction work will begin immediately with the planned completion in August 2022.
"We're excited to begin working on this new community at an exciting time for Eugene and the University of Oregon," said Doug Burges, Greystar's director of development. “This project offers student housing in a vibrant location near the University of Oregon, downtown Eugene and the river redevelopment. We look forward to working with our joint venture partner, Star America, to bring Union on Broadway to life. "
Union on Broadway will have 12 floors with 608 beds and a retail component on the ground floor. Ankrom Moisan Architects and Eugene-based contractor John Hyland Construction Inc. will oversee the design and construction, respectively.
“This project marks Star America's seventh investment in the growing field of university infrastructure. We're excited to start a new relationship with world-class developer Greystar to meet the growing housing needs of the University of Oregon students, ”said Christophe Petit, President of Star America.
Prospective residents have access to a fitness center on the top floor, communal lounges on each floor, a computer lounge, conference rooms, an activity and games room, a media lounge, underground parking and bicycle parking, as well as an outdoor area with amenities including a spa, terrace, grills and seating in the lounge. The units come furnished and amenities include a washer and dryer in the unit, a private bathroom, internet, and air conditioning.
The 1.5-acre Union on Broadway property is just five blocks from the University of Oregon on East Broadway, a major thoroughfare with restaurants and retail outlets. It is also adjacent to a Whole Foods Market and is just one block from Eugene's redevelopment site in downtown Eugene, which aims to revitalize the riverside with quality retail stores, restaurants, and green spaces.
"We're excited to offer student development in the rapidly changing Broadway corridor that is both functional and attractive to the community," Burges told GlobeSt.com. "The project was designed for students at the University of Oregon, but is open to all."
Updating a school's spatial planning to adequately respond to recommended social distancing guidelines will help create a safe and welcoming environment for students in the coming semesters, according to a report by Cushman & Wakefield.
Living on campus comprises several layers, each with its own considerations. Overall, however, residents must continue to adhere to social distancing rules to ensure these spatial planning goals are effective.