Construction Underway on IL Student Housing

After acquiring the site back in 2017, Gilbane Development Co. started work on the 538-bed community located close to the University of Illinois Urbana-Champaign.
University of Illinois Urbana-Champaign
University of Illinois Urbana-Champaign

Gilbane Development Co. has begun work on Octave, a 538-bed student housing community in Champaign, Ill. The property will serve students at the University of Illinois Urbana-Champaign and is slated to open in summer 2019. According to Peoria Public Radio, the company acquired the site in 2017 for $6.8 million.

Located at 210 S. Fourth St., Octave will feature one-, two-, three- and four-bedroom units with private bathrooms for each bedroom. Additionally, the units include quartz countertops in the kitchens and bathrooms, washer/dryer, fully equipped kitchens with stainless steel appliances, wood flooring and TVs.

The pet-friendly property will offer a community life program, resident events, roommate matching services and individual by-the-bed leases. The seven-story building will feature common-area amenities such as:

  • fitness center
  • bike storage
  • swimming pool
  • hot tub/spa
  • rooftop terrace
  • business center
  • computer lab
  • clubhouse/lounge
  • game room
  • picnic areas
  • 20 study rooms

In January, The New York City Housing Authority selected Gilbane Development Co. to develop the first bundle of the total of 17 affordable communities in the Bronx.

Image via Google Maps