New Joint Venture Housing Development Announced for University of Akron: University Edge
Jun 05, 2013
AKRON, OHIO: Today, co-developers, Akron-based LRC Realty and Hallmark Campus Communities, based in Columbus, Ohio announced their development, University Edge, a 578 bed purpose-built student housing community focused on serving the students of the University of Akron.
Delivering fall 2014, University Edge is located directly across the street from campus and will feature fully amenitized student housing, with two bed/two bath, three bed/three bath, and four bed/four bath furnished floor plans. Apartments will be loaded with all major appliances, including washers and dryers.
Community amenities will include a clubhouse with free WIFI, a state-of-the-art fitness center, free tanning domes, an activity room with a pool table, gaming station and big-screen TVs, a computer lab with free printing, and outdoor grilling areas. The project will also feature several thousand square feet of ground floor retail which will offer national and local retailers and restaurants.
The project will be overseen by Peak Campus Management, a leading student housing operator, based in Atlanta, GA. The project will feature a full staff, including on-site manager and 24-hour maintenance.
Gus Cook, Executive Vice President of Hallmark Campus Communities, said, “Hallmark is pleased to be working with our local partner, LRC Realty on this project. University Edge will be a first-class student housing facility, with an outstanding location. We are confident that University Edge will be a great new option for students looking for modern, cutting-edge housing.”
The University Edge leasing center will open early fall 2013. For more information, please visit www.UniversityEdgeAkron.com.
LRC Realty has 30 years of real estate experience spanning a diverse array of services. While retail properties dominate activities, office, industrial and restaurants properties are also included. LRC Realty primarily focuses on activities in the Akron, Ohio area, with projects that extend into Northeast Ohio, the Mid-Atlantic, and the Mid-West.
Hallmark Campus Communities has extensive experience in developing class-a student housing properties in Ohio, Tennessee, Indiana, Kentucky, and Louisiana. Hallmark communities offer premier locations near campus and a focus on quality from student oriented design to upgraded features and amenities.
Peak Campus Management is an institutional-grade student housing management company based in Atlanta, Georgia. Our seasoned professionals offer a demonstrated ability to execute on goals and long term investment strategies of our partners. Peak Campus Management currently oversees 26,000 beds valued at over $1.5 billion for investors nationwide. For more information on Peak Campus and our full array of real estate solutions, please visit www.PeakCampus.com.