JV to Open 492-Bed Student Housing Community
The company will develop a garden-style student housing community adjacent to the University of Florida at Gainesville. The community is slated to open prior to the 2020-2021 academic year.
The Bainbridge Cos. has acquired a site totaling more than 11 acres in Gainesville, Fla. Bainbridge, in a joint venture with Diamond Realty Investments Inc., will develop Campus Circle Gainesville, a 492-bed student housing community in Gainesville, Fla.
Located at the intersection of SW 38th Terrace and Hull Road, the community will be situated between the campus and a retail corridor which includes Butler Plaza, a 2 million-square-foot lifestyle center with more than 150 retail and restaurant venues including Trader Joe’s and Whole Foods.
Upon completion, in advance of the 2020-2021 academic year, the four-story garden-style community will include common-area amenities such as:
- swimming pool
- outdoor lounge
- study area
- Wi-Fi-enabled sundeck
- private cabanas
- 24-hour fitness center
- gaming room
Additionally, dog-walking trails, scooter parking spaces, and indoor and outdoor bike storage will be available. In another recent deal, The Bainbridge Cos. joined together with PCCP LLC to develop a 276-unit community in Jacksonville, Fla.
“This property will combine a great location with exactly the kind of highly amenitized living experience that today’s college students demand,” Alex Eyssen, vice president of Student Housing for Bainbridge, said in a prepared statement. “The large site, no longer common adjacent to a Tier 1 university like University of Florida, allows for plenty of amenity, recreation, wellness and study space. Additionally, we are looking forward to expanding Bainbridge’s existing presence in student housing with this community.”
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