Greystar has finalized a public-private partnership with The University of Texas at Austin to develop, design, build, and operate the Law School Village, a new apartment community that is the university’s first dedicated housing for law students. The Law School Village is fully financed by the University, with Greystar as the third-party developer, general contractor, and facility manager.
Located directly across the street from the UT Austin School of Law, Law School Village will offer 340 apartment beds in 280 studio, 1-bedroom, and 2-bedroom units. The project is expected to be completed in time for the 2028-29 academic year.
The 14-story community will feature amenities including a large library-style sky lounge, a cafe, a fitness and yoga area, an expansive courtyard, future coffee shop retail, and two roof decks. It is designed by Lemmo Architecture and Design, with Meeks + Partners serving as the architect of record.
Law School Village is the eighth on-campus partnership closed by Greystar in the last 12 months.
Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square feet and traded for approximately $244 per buildable square foot. The transaction was arranged by Ariel partner Sean R. Kelly along with associate...
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Marcus & Millichap arranged the sale of Knott-Orange Apartments, a 35-unit multifamily property located at 515 S. Knott Ave. in Anaheim. The property sold for $9.65 million, or $275,714 per unit. “This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange...
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JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank...
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