CDS Unveils Eight-Building Student Housing Project

By Anuradha Kher, Online News EditorRuston, La.–Collegiate Development Services LP (CDS), an Irving, Texas-based real estate developer specializing in student housing, has unveiled plans for its newest student apartment housing project, at Collegiate Station in Ruston, adjacent to the Louisiana Tech University.According to CDS, the project has been designed to create an upscale living and learning community that meets the needs of today’s students and supports the University’s expanding enrollment. The off-campus apartment complex is located at 1812 West Alabama on approximately nine acres of land. The eight-building project features three-story garden-style apartment buildings containing 24 two-bedroom, two-bathroom units and 96 four-bedroom, two-bathroom units. This project will provide a total of 432 lease-by-the-bed spaces.Unit amenities include a full-size kitchen with complete appliance package, including refrigerator with ice maker, over-the-range microwave and full-size washer/dryer; furnished living room and bedrooms; multiple bathroom sinks; high-speed Internet access; cable television; ceiling fans; and available safety features, such as intrusion alarms and individually locked bedrooms. Other amenities include a swimming pool, cooking grill, convenient perimeter parking and custom landscaping.The project also features a 5,500-sq.-ft. clubhouse with a large common area, two plasma screen televisions and home theater system, computer lab, media/multi-purpose room, fitness center, kitchen, pool table, game table and management/leasing offices. The project is a joint venture between CDS and Harrison Street Real Estate Capital. Key Bank provided construction financing for the project.