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University House AUSTIN

University Served: University of Texas at Austin

Number of Beds: 504

Unit Type/Configuration:
Studio, One, Two, Three & Four Bedroom

Number of Parking: 221

Size:
Residential: 185,000 rsf
Civic Space: 5,999 rsf

Total Development Costs: $52 million

Completion Date: August 2016

Construction Type: Type 1 - Concrete

Management: University House Communities / Scion Group

Loan-to-Cost: 65%

Return on Cost (Yr 1): 8.5%

Awards/Certifications: 
2017 SHB Innovator Award - Best New Development over 400 bed

2017 AGC Austin -Outstanding Building Award

Certifications:
LEED Certified

University House Austin (“UH Austin”) is a 19-story high rise, LEED certified, student housing development in the West Campus area of Austin, Texas, one block west of the University of Texas’ main campus. This project delivered on time and under budget for Fall 2016 occupancy. It’s superior location and extensive luxury amenities provide an unparalleled option for University of Texas students.  During development UH Austin pre-leased to 100% by December of 2015 at rents of 6% above proforma. Upon opening the property was 100% pre-leased for 2017 by October of 2016.