Core Spaces Kicks Off 2,200-Bed Student Project

Core Spaces has broken ground on Hub College Station, a 2,201-bed student housing project in College Station, Texas. This marks the company’s first development in the city and its first ground-up student deal in this state.

Partners on the $130 million project include architecture firm Antunovich Associates and general contractor Treehouse Construction—a joint venture between Core Spaces and Findorff Construction. Core Spaces is handling the interior design in-house. Pacific Life provided financing.

The 570-unit community will come online ahead of the 2028-2029 academic year and will comprise two seven-story buildings.

Taking shape on more than 7 acres at 503 Cherry St. within the Northgate District, the new student housing development will be about 1 mile from the Texas A&M University at College Station campus and the Kyle Field stadium. The community will have two bus stops at the front entrance, providing access throughout the campus.

Hub College Station is set to include some 60,000 square feet of amenity space, which will feature a 20,000-square-foot rooftop pool deck, a swimming pool, a hot tub, a fitness center and indoor and outdoor social spaces. The community will also have private study areas, collaboration rooms and student lounges.

Texas A&M University registered a 77.6 percent preleasing rate as of May, marking a 3.8 percent year-over-year increase, according to a Yardi Matrix student housing report. The school also saw a 0.7 percent year-over-year growth in the average rent per bed, reaching $861. There were 4,119 beds underway as of the same month.

Core Spaces keeps busy with student housing

In May, Core Spaces closed its flagship student housing fund at $1.6 billion, one of the largest capital raises in the sector. The vehicle will support the company’s expansion through developments and acquisitions across the U.S., with a focus on Tier 1 school markets and urban infill projects.

And just last month, the firm announced it will expand its student housing presence near the University of Illinois Urbana-Champaign campus. Core is working on three new projects that will total more than 3,500 beds and will also be under the Hub-branded umbrella.