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Baylor Bears and LSU Tigers set for $86M 'dens'Baylor Bears and LSU Tigers set for $86M 'dens'https://www.recenter.tamu.edu/news/newstalk-texas/?Item=139982016-07-29T05:00:00Z2016-07-29T20:35:00Z

​​​​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.

CBRE
Waco
Multifamily
http://www.cbre.comSource: {Source}

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