JV BREAKS GROUND ON STUDENT HOUSING PROPERTY IN BOCA RATON

BOCA RATON, FLA. — A joint venture partnership between Rosemurgy Properties, Giles Capital Group and Lewis Rental Properties has broken ground on University Park, the first purpose-built student housing project in Boca Raton. The 159-unit, 279,097-square-foot community will be located at 135 N.W. 20th St. The 598-bed community will feature units with modern furnishings, flat-screen TVs, washer/dryers and private bathrooms. The amenity package includes a two-story clubhouse, student lounge, juice bar, 24-hour fitness facilities, tanning beds, video gaming rooms, computer labs, study and conference rooms and vending areas. The off-campus community will serve students of both Florida Atlantic University and Palm Beach State College. The project team includes architect RLC Architects, general contractor Current Builders, interior designer Childs/Dreyfus Group and property manager Innovative Student Housing. HFF arranged construction financing for the development. University Park will open to students in the summer of 2015.