OXFORD, Miss. (Sept. 25) - Community officials, developers and leaders from the student housing industry gathered this morning at a groundbreaking ceremony for a new student housing project at The University of Mississippi in Oxford, Miss.
The occasion also marked the official unveiling of the development’s name, Highland Square. Officials say the name stemmed from Oxford’s historic town square, which exudes the character and southern charm that Ole Miss students have enjoyed for years.
“Oxford and the University of Mississippi pride themselves on the rich heritage and vibrancy of their community,” said Andy Feinour, senior vice president of Carter. “We wanted to reflect that not only in the name we chose for the property but also in the way we designed it – to instill a town square type of feel to the community’s common areas.”
Carter and Chance Partners will serve as developers of the new $40 million, 753-bed student housing project that is located less than two miles from the University of Mississippi campus. The mixed-use development will consist of cottages, flats and townhomes spread across 60 acres. Its nucleus will be the Town Center where residents can enjoy a cup of coffee at the Common Ground Coffee Shop, exercise at the Iron Clad fitness center or gather with friends. This sense of community is rarely seen at student housing properties. Campus Advantage, a leading student housing company that manages 48 student housing communities across 20 states, will oversee the property.
Amenities include three pools, fitness trails, a media center with a theatre room, individual cottage courtyards, community fireplaces, basketball and volleyball courts, a Champions Lawn with a stage and lawn games, a dog park, and a car/dog wash.
“When it comes to amenities and floor plans, University of Mississippi students have never had as many options as they will at Highland Square,” said Mike Peter, CEO of Campus Advantage. “Today’s college students demand more from where they live, and Highland Square delivers. Residents will benefit from our highly rated Students First, residence life programs that will help them succeed in school as well as help them prepare for life after graduation.”
Construction is expected to be complete by July 2013. Highland Square is currently accepting leases for fall 2013. More information on the community may be found at livehighlandsquare.com
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About Campus Advantage
Campus Advantage is an Austin-based real estate firm that offers student housing management, development, acquisition and consulting services. The company works to create winning partnerships between colleges, universities, investors, developers and owners in an effort to help students achieve their academic and personal goals. For additional information, please visit http://www.campusadv.com
About Carter
Carter is one of the country’s leading real estate investment, development and advisory firms. The company, founded in 1958, has its headquarters in Atlanta and operations across the country. Carter has a proud history of leading visionary and bold real estate developments that have improved communities and created value for its clients. Today, Carter draws on its history, experience and creativity as the company develops landmark mixed-use projects, seeks new investment opportunities and advises clients as they make key real estate choices. Specifically, Carter focuses on development of mixed-use and multifamily projects in urban infill locations such as The Banks in Cincinnati, equity development of student housing such as Highland Square in Oxford, Miss., acquisition of opportunistic office, project management and strategic consulting. Carter’s high-caliber associates create value for clients using a team-based approach that leverages strong expertise and a deep knowledge base in a wide variety of markets. Carter also focuses on value-add real estate investment opportunities, and over the past decade has invested in more than $750 million. Carter’s asset management division manages more than $2 billion of third-party and Carter-owned assets. Its strategic consulting practice provides clients with customized real estate solutions. For additional information on Carter, please visit www.carterusa.com.
About Chance Partners, LLC
Chance Partners is a fully integrated, award-winning real estate firm specializing in the development of high-quality multifamily housing communities, retail and storage facilities. Headquartered in Atlanta, GA, Chance Partners is focused on maximizing investment value while developing communities that intertwine into their surroundings. Principals in Chance Partners have a history of developing more than 6,000 mixed-use, multi-family units and over 250,000 square feet of urban-focused retail space, with an aggregate of more than 8 million gross square feet. Learn more at www.Chance-Partners.com
