May 21, 2014 | Week 21
SHB Enews header 2012
Subscribe Free |  News Submission |  Contact |  Advertise  
Ecologic
 Top Story
Inland American Communities Hosts Groundbreaking in Midtown Atlanta        
UH Midtown Groundbreaking
Members of the design, construction and development team, and from local business development group The Midtown Alliance, break ground on University House Midtown.
Atlanta -
Inland American Communities Group, Inc. (IAC) held a ceremonial groundbreaking event for its newest University House property, University House Midtown, on May 14. David Pierce, vice president of development with IAC, remarked that the company strives to build 'authentic' communities for students and discussed the importance of contributing solid design to the city's growing skyline. University House Midtown is the first construction project in the Midtown Atlanta core, east of Interstates 75/85, in several years. IAC Director of Development Mark Riley thanked the many people bringing the 20-story building to life. Local project partners include architect Niles Bolton Associates, civil engineer Eberly & Associates and general contractor DPR Hardin.

 

Adjacent to Georgia Tech, UH Midtown will feature 268 apartments to house approximately 700 students. Below, 10,000 square feet will be dedicated to retail tenants. Chief among the amenities is a terrace-level pool with a 16-by-9-foot Jumbotron. Fitness, tanning and private and group study areas fitted with technology such as Smart Boards round out the offerings. UH Midtown will begin leasing this summer and will open in August 2015.

 
United Group Welcomes Chief Operating Officer With Student Housing Pedigree

Jeff Arnold
Jeff Arnold
Troy, N.Y. -
United Group of Companies has hired Jeff Arnold as chief operating officer of United Realty Management Corp. Arnold will have direct responsibility and oversight of the management and marketing divisions of United Group. Arnold comes to United Group after leaving his position as senior vice president of operations at Innovative Student Housing and brings approximately 20 years of experience in the field of property management. Arnold was a co-founder of Innovative. Here 's more on Jeff Arnold's background.
Campus Evolution Villages Buys Second Greensboro Asset Via Auction.com

Greensboro, N.C. - Campus Evolution Villages has acquired College Square, the firm's second property in Greensboro, N.C., serving students at North Carolina A&T State University. Campus Evolution Villages currently owns Campus Green, a 674-bed student housing property steps from NC A&T that was acquired in July 2013. College Square is across the street from Campus Evolution Villages' sister property, bringing their footprint in the market to 818 beds. The property was acquired through an online auction conducted by Auction.com. CEV will rebrand both properties Campus Evolution Villages this August and grant residents at the new property access to the amenities at Campus Green. Here's more on this transaction.
Asset Campus Housing To Develop Near Baylor University      
Baylor ACH
The Domain at Waco.
Waco, Texas
- Asset Campus Housing (ACH) will develop The Domain at Waco, a 564-bed, off-campus student housing community serving Baylor University students. The 186 units will offer a mix of one-, two- and four-bedroom residences, each fully furnished and featuring granite countertops, stainless steel appliances and washer and dryer. Amenities at the property will include a clubhouse, swimming pool, internet caf, sand volleyball court, fitness facility and outdoor fire pit. Construction will begin this quarter and is expected to conclude in time for the 2015-16 school year. ACH will manage the facility upon completion. 
List Your Company In The Goldbook of Student Housing  

Goldbook Atlanta -
The staff of Student Housing Business is once again preparing to publish The Goldbook of Student Housing in the summer of 2014. As the directory for the student housing industry, The Goldbook is a source for companies who own, manage, and operate student housing, as well as vendor companies who provide services and products to the industry. List your company -- free of charge -- by completing a short form at:
 www.studenthousingbusiness.com/goldbook

The deadline for listings is May 31, 2014. 
Dobie Center In Midst of Renovation
       
Austin, Texas - The Dobie Center, a high-rise University of
Dobie Center
The Dobie Center
Texas dorm that was built in 1972, is currently undergoing a $4 million renovation, according to the Austin Business Journal. Owned by Dobie Austin LP, an affiliate of The Carlton Group, the property came under management of Campus Living Villages in November 2013. The building is 27-stories tall and contains more than 900 beds. Renovations will upgrade individual rooms and common areas and amenity spaces. The project will be complete this fall. 
Executive Director Sallie Traxler Departs ACUHO-I After 10 Years

Sallie Traxler
Traxler
Columbus, Ohio
- Sallie Traxler, who has been the executive director of ACUHO-I for the past 10-plus years, will be leaving the organization. The Association of College and University Housing Officers - International will be forming a transition committee that will work on the search and transition aspects of the executive director role, according to Patricia Martinez, president of ACUHO-I. Highlights of ACUHO-I's achievements during Traxler's tenure include the launch of several conferences, online learning certifications, leadership programs for women and revamping the organization's governance structure, among several other initiatives that have been successfully deployed in the past decade.
 
Construction Payment And Performance Bonds: Myths and Realities
David Taylor
David Taylor

Scenario: A multi-family developer feels good about the fact that it required the contractor to put up payment and performance bonds on the project, even though the bond costs were rolled into the construction contract. If anything goes wrong, just like the friendly helpful State Farm agent who magically appears after a loss, the surety issuing the bonds will do the same, checkbook in hand...right? Well....no. Bonds are widely misunderstood by most developers-at least by those who have not had to go through the hassle and expense of trying to get a surety to pay up. Click here for the rest of David Taylor's column.
For breaking news daily, visit:
Dickson Furniture Manufacturers
Modern Message
Woodlark
A10
Other Recent Headlines
Fountain Residential Partners Begins Development Near University of Houston
Three-Property Portfolio Trades Near Ball State
Montana State Will Open New Residence Hall in 2016
Contact SHB

Richard Kelley, Publisher
rkelley@francemediainc.com

Mark Aden, Associate Publisher
maden@francemediainc.com

Randall Shearin, Editor
randy@francemediainc.com

Lynn Peisner, Managing Editor
lpeisner@francemediainc.com

Join Our Mailing List
Stay Connected

   Twitter   LinkedIn   
France Media, Inc. | randy@francemediainc.com | www.studenthousingbusiness.com 
Two Securities Center
3500 Piedmont Road
Suite 415
Atlanta, GA 30305

Student Housing Business - The Voice of the Student Housing Industry


Copyright 2014 France Publications, Inc., d/b/a France Media, Inc. All rights reserved. The opinions and statements made by authors, contributors and advertisers to Student Housing Business E-Newsletter are not necessarily those of the editors and publishers. To unsubscribe, please click on the links at the bottom of this email.