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University House BLVD

University Served: University of North Carolina at Charlotte

Number of Beds: 671

Unit Type/Configuration
Studio, One, Two, Three & Four Bedrooms

Number of Parking: 613

Size

Residential: 284,480 rsf

Total Development Costs: $48.4 million

Completion Date: July 2015

Construction Type: Type III Wood Frame and Pre-Cast Wrapped Garage

Management: University House Communities / Scion Group

Loan-to-Cost: 65%

Return on Cost (Yr 1): 7.4%

Awards/Certifications:
National Green Building Standard (NGBS) Certfied

University House BLVD (“UH BLVD”) is a 5-story mid-rise student housing development near the University of North Carolina – Charlotte’s campus. This project delivered for a Fall 2015 occupancy. The project’s extensive amenities, such as the beach entry resort style pool, terraced outdoor courtyard with large outdoor LED TV, outdoor pool and ping pong tables, and multiple grilling areas, large clubhouse with the cyber café and arcade games, private study rooms with Smartboards, and large fitness center are unparalleled in this market. The project returned a 7.4% return on cost in its first year of operations and delivered on time and on budget.