Deven Group Starts Work on 631-Bed UCF Student Housing Project
Development Ventures Group (Deven Group) has broken ground on a 177-unit, 631-bed student housing development half a mile from the University of Central Florida campus in Orlando.
The five-story, 304,969-square-foot project is estimated to cost $94.9 million. Deven Group’s partners include PLT America as a limited partner and Sumitomo Mitsui Trust Bank as a lender.
Deven Group is co-developing the project in partnership with Castle Lanterra, which contributed the land for the project.
The development will feature a wide variety of features for student residents, including:
- Units ranging from 1 to 6 bedrooms with walk-in closets, walk-out balconies, tiled showers, and 65-inch smart TVs;
· Sky lounge with lake views;
· Golf / multi-sport simulator;
· Rock climbing wall;
· Outdoor fitness lawn;
· Resort-style pool;
· Jumbotron;
· Outdoor sauna & cold plunge;
· Study areas on every floor;
· Game rooms, lounge areas, and activity kitchen.
The property, at 3501 Quadrangle Blvd. in Orlando is immediately adjacent to UCF’s campus. UCF is the largest university by enrollment in the state of Florida, with 70,000 students.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout