ANN ARBOR, MICH. — LV Collective has partnered with Harrison Street to build Rambler, a 1,009-bed luxury student housing development across the street from the University of Michigan campus in Ann Arbor. The 484,587-square-foot project will feature 273 units across a variety of floor plans ranging from studios to six-bedroom residences.
The ground floor of Rambler Ann Arbor will include a lobby with an integrated café named Daydreamer. The study mezzanine will offer spaces for coworking and private study rooms. Residents will also enjoy outdoor terraces, a clubroom and gameday lounge, rooftop pool, hot tub, fitness facility, yoga studio, flex studio, red light sauna and resident lounge.
Site work began in October, and completion is slated for fall 2027. The project is pursuing LEED Gold certification and will also include a payment of $7.2 million to the city’s affordable housing fund.
Kennedy Wilson and Forum Investment Group provided construction financing.
“With the University of Michigan’s rising enrollment and Ann Arbor’s status as a premier college town, creating high-quality living spaces that match this growth and enhance students’ overall experience is essential,” says Thomas Whitesell, head of the debt investment group at Kennedy Wilson.
The development team includes Turner Construction Co., Oz Architecture, interior designer Variant Collaborative and landscape architect Site Design Group. Bodman Law + J Bradley Moore & Associates secured entitlements, DLA Piper LLP provided legal counsel and TSB Capital Advisors consulted on construction financing.
Austin, Texas-based LV Collective is focused on the development of student housing and multifamily projects nationwide.
Chicago-based Harrison Street is an investment management firm with nearly $56 billion in assets under management.
— Kristin Harlow