U Square @ The Loop Takes NAA’s Best Student Housing Award
By Adrian Maties, Associate Editor
A Cincinnati student housing development is among this year’s winners in the National Apartment Association’s annual PARAGON awards. U Square @ The Loop won the award for best student housing community in the annual awards program, which recognizes the multifamily housing industry’s top communities, executives, employees and affiliate programs.
A joint venture between Al Neyer and Towne Properties started work on the development in 2012. At a cost of $78 million, the project was the second largest besides The Banks to break ground in Cincinnati since the recession.
The LEED certified community opened last August on a 4.2-acre site between McMillan Avenue and Calhoun Street, just south of the University of Cincinnati. U Square @ The Loop features 80,000 square feet of retail space, 40,000 square feet of office space, 161 studio units, one- and two-bedroom apartments, a community green and two structured parking garages with more than 700 spaces. According to the community’s website, apartments rent for between $820 and $2,500 per month. Amenities include a club room, a fitness center and outdoor terraces.
This year’s winners will be recognized on June 21 during the 2014 NAA Education Conference & Exposition in Denver. U Square @ The Loop is also a candidate for the NAA Community of the Year award. The winner will be selected from the winners in other categories.
In addition to U Square @ The Loop’s award, the NAA also named Access Property Management’s Michael Markus of Cincinnati the Certified Apartment Maintenance Technician of the Year.
Photo credits: U Square @ The LoopTags: 2014 NAA Education Conference & Exposition, 2014 PARAGON, Cincinnati, Cincinnati Lead Story, Consumer, Conventional - Market Rate, Development, economy, Local, mixed-use, multi-family, National, National Apartment Association, Professional, property management, Regional, Student, student housing, U Square @ the Loop