Jul 29, 2016
Baylor Bears and LSU Tigers set for $86M ‘dens’
WACO - Two student housing properties located adjacent to the campuses of Baylor University and Louisiana State University will under construction soon.CBRE Capital Markets’ Debt & Structured Finance team has arranged...
WACO – Two student housing properties located adjacent to the campuses of Baylor University and Louisiana State University will under construction soon.
CBRE Capital Markets’ Debt & Structured Finance team has arranged $86 million in construction financing for the two facilities.
The properties included in the transaction are:
- Park Place at Baylor, 909 Baylor Ave; 261 units, 724 beds;
- Park Place at LSU, 222 East Boyd Drive; 277 units, 745 beds.
Park Place at Baylor will be located on Baylor Avenue between 9th and 10th Streets, within a five-minute walk to Baylor’s campus.
The five-story mid-rise property will provide residents with top of the line amenities including a resort-style swimming pool and hot tub, pool cabanas, sand volleyball court, outdoor fireside lounge, grilling areas, gaming rooms, fitness studio, study areas and a computer center.
Park Place at LSU will be located adjacent to LSU, providing residents with a prime location near campus.
The six-story mid-rise property will feature several rooftop amenities including a resort-style pool, hot tub, fire pit, barbeque area, outdoor TV screen, and lounge areas.
Both properties are slated to complete construction and lease up in the summer 2017.
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