Investcor is currently under partnership with Aspen Heights on a 797 bed garden style student housing development in College Station, TX. The site is approximately 26.8 Acres and is located about 1.5 miles south of the Texas A&M Campus. The overall area is in dire need of additional student housing; overall area occupancy is at 99%.
The subject property is located between Holleman Drive and Wellborn Road just south of Harvey Mitchell Parkway. It is approximately 1.5 miles to the Texas A&M campus. The site is in a proven location for student housing and more specifically, cottage style product. It is currently unimproved land and will require minimal cut/fill site work providing favorable conditions for the proposed design. The 26.8 acre site will consist of 2 and 3 bedroom duplexes, 4 and 5 bedroom cottages, ranging from 1,288 SF to 2,081 SF. The 797 beds will be constructed similarly to the 20 cottage-style student housing communities Aspen Heights has delivered historically. The project site was formerly zoned Rural and General Suburban; however, Aspen Heights successfully re-zoned the proposed site in August of 2015.
Aspen Heights has always provided the market leading amenity package, leading much to demand from students, resulting in high occupancy, higher rental rates and excellent tenant retention rates. This property will provide an excellent value, given the resort style amenities offered to the residents. Community amenities we currently anticipate to include: Private Gated Access, 24 Hour Fitness Center, Club Room, Resort Style Pool, Computer and Study Lab, Tanning Beds, Sports Court, Volleyball Court, Concierge Services
Our partner, Aspen Heights, is a national multifamily and student housing developer and manager headquartered in Austin, TX. With over $1 Billion in development since its founding in 2006, Aspen Heights has been dedicated to the development of a unique and innovative platform that joins quality construction and development with pioneering sales and marketing techniques, combined with world-class customer service.