Core Spaces, Kayne Anderson Break Ground on 1,303-Bed Student Housing Project Near Clemson University

by Kristin Harlow

CLEMSON, S.C. — Core Spaces and Kayne Anderson Real Estate have broken ground on Hub Clemson, a 1,303-bed student housing community located steps from Clemson University in South Carolina. The seven-story development will feature 394 units across 821,000 square feet, offering a mix of studio to five-bedroom layouts and a series of three-story townhomes.

Hub Clemson will include 20,000 square feet of amenities, such as a rooftop pool and lounge with views of Lake Hartwell, a fitness center, coffee shop and communal green spaces.

Located at the corner of Tiger Boulevard and College Avenue, the project site connects directly to the Keowee Trail, a 1.3-mile hiking trail. The new development will offer outdoor dining areas, entertainment spaces and pedestrian-friendly pathways for residents, students and the broader community. Plans call for 8,700 square feet of retail space and approximately 830 parking spaces.

The project more than doubles the amount of active parkland area for the community at Abernathy Park along the shoreline of Lake Hartwell, according to Joe Gatto, senior managing director of acquisitions and investments at Core Spaces.

Hub Clemson is slated for completion in early summer 2027, ahead of the 2027-2028 academic year. Juneau Construction Co. is the general contractor. Northworks Architects is leading architecture, with interiors by Harken Interiors in collaboration with Core Spaces’ in-house design team. Core Spaces is the developer and owner and will manage the property upon completion.

TSB Capital Advisors consulted on the joint venture and acted as advisor to Core Spaces and Kayne Anderson on the financing.

Founded in 2010, Chicago-based Core Spaces is a vertically integrated real estate investment manager focused on acquiring, developing, managing and lending across the student housing and build-to-rent sectors. The company’s student housing portfolio includes more than 49,000 beds currently owned or managed, with a pipeline of over 45,000 beds in various stages of development.

Kayne Anderson Real Estate, part of Los Angeles-based investment management firm Kayne Anderson, has approximately $18 billion in assets under management with sector expertise in medical office, seniors housing, off-campus student housing, multifamily and self-storage.

— Kristin Harlow

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