CHICAGO — Core Spaces has completed six student housing communities totaling 4,549 beds across the United States. All six communities have opened to residents ahead of the 2024-2025 school year.
The communities are all located near the campuses of major universities, including UC Berkeley, University of Cincinnati, Penn State, University of Wisconsin-Madison and Clemson University.
The six new properties include:
- Hub Bancroft, a property comprising 87 units and 238 beds in Berkeley, California.
- Hub Cincinnati, an asset consisting of 380 units and 1,112 beds in Cincinnati, Ohio.
- ōLiv Hetzel, a 135-unit, 582-bed community in State College, Pennsylvania.
- ōLiv Highland, a 158-unit, 604-bed property in State College, Pennsylvania.
- ōLiv Madison, a 386-unit, 1,101-bed community in Madison, Wisconsin.
- The Pier, a 207-unit, 914-bed development in Clemson, South Carolina.
The communities feature a variety of high-end, student-focused amenities. For example, ōLiv Madison boasts a spa, sauna, fitness center, coworking spaces, private study rooms and a sprawling rooftop sundeck with pool and hot tub. Each property offers a diverse mix of floor plans and unit types to appeal to a range of resident needs and price points.
“After years of work to bring a project to life, welcoming new residents home is one of the best parts of what we do,” said Marc Lifshin, CEO of Core Spaces.
Core Spaces is a residential developer, owner and operator headquartered in Chicago. The company currently owns or manages more than 38,600 beds.
The developer currently has a pipeline of approximately 43,000 beds. The pipeline includes an 800-bed project in Knoxville, Tennessee; three developments in Madison totaling 4,000 beds; a 665-unit, 2,195-bed project in Raleigh, North Carolina; and 3,000 new beds in Tampa, Florida. Core Spaces also is in the process of completing a 16-story, 202-unit, 639-bed student housing project in Ann Arbor, Michigan.
— Channing Hamilton