Peak Campus Awarded Management of Three Student Housing Developments
Peak Campus Management has been awarded management of three new private student housing developments in the Upper Midwest.
By Jeffrey Steele, Contributing Writer
Milwaukee—Peak Campus Management has been awarded management of three new private student housing developments in the Upper Midwest. Minneapolis-based real estate company Opus Development Company LLC, in conjunction with Chicago-based real estate private equity firm Harrison Street Real Estate Capital LLC, will develop each of the three communities.
Adjacent to Camp Randall Stadium at the University of Wisconsin Madison, Varsity Quarters will feature 162 beds in a mix of studio, one-, two- and four-bedroom units. The development will include a 7,500-square-foot ground floor retail space, as well as a state-of-the-art fitness center, computer lab, gaming center, tanning bed, in-unit washers and dryers and parking garage.
At Milwaukee’s Marquette University, The Ivy on Fourteenth will feature 165 beds in studio, one-, two-, three- and four-bedroom units offering in-unit washers and dryers, indoor parking, up-to-the-minute fitness center, study rooms, social areas and ground-floor retail space housing a Subway restaurant and other local favorites. The Ivy will represent boutique high-end housing and will feature a core location and luxurious unit finishes.
Serving the students of the University of Minnesota, The Venue at Dinkytown will occupy a space in Dinkytown area of Minneapolis, a perennially favorite enclave for students of the U. and many other Twin Cities institutions of higher learning. The six-story Venue will feature a mix of studio, one-, two-, three- and four-bedroom units with in-unit washers and dryers. Also featured will be a fitness center, computer lab, tanning bed, contemporary common spaces and underground parking garage. Some 9,500 square feet of ground-floor retail space will be incorporated into the building.
The student housing developments are scheduled to open in the late summer of 2014, and will offer different unit assortments and amenity packages, reflecting the distinctive student body and market composition of each location.
Bob Clark, president of Peak Campus Management, indicated his company is “thrilled” at being able to develop its relationship with both Opus and Harrison Street by providing world-class property management services.
“With their luxurious unit interiors, extensive list of amenities and above all else, outstanding locations, we believe each of these high-end boutique development projects will fit well into each local student housing market,” he says.