STERLING TO DEVELOP TWO STUDENT APT. COMMUNITIES

FAYETTEVILLE, ARK. — Sterling University Housing has partnered with Arkansas-based Specialized Real Estate Group to build two student housing properties, located within walking distance of the University of Arkansas in Fayetteville. Combined, the properties will include 1,232 beds. Amenities will include flat-screen televisions in every bedroom, a resort-style pool, fully furnished residences, a sky bridge with study lounges and a multifunctional study lounge with a game room, cafe and 24-hour fitness center. The first phase, located at 555 Maple St., is slated to begin construction in the spring of 2012 with anticipated completion for the 2013-2014 school year. The second phase will be open in time for the 2014-2015 school year. The properties are designed to achieve LEED Silver certification.