Trinitas Ventures LLC, a developer of student housing and mixed-use communities, announced it recently began constructing a new urban infill redevelopment in Lexington, Ky. The Collegiate on Angliana, a 278-unit, 699-bed student housing property with an anticipated opening date of August 2013, will serve students attending the University of Kentucky (UK).
The Collegiate is located one mile northwest of UK's main campus and is a short walk to downtown Lexington and Rupp Arena. The student housing property integrates Trinitas' large unit designs and townhouse-style apartment features with the convenience and atmosphere of modern living. The student housing facility provides a number of amenities, including a 6,500-sf clubhouse, pool, hot tub, basketball, bocce, as well as sand volleyball courts, fitness center, and sundeck.
Equity financing has been provided by a joint venture between Trinitas and Harrison Street Real Estate Capital (HSRE). The project represents the fourth development for the Trinitas/HSRE Capital partnership. Brian Thompson, Senior Vice President at HSRE, said, "We are pleased to further expand our relationship with Trinitas. We have had tremendous success with Trinitas and we are excited to be investing with them in the dynamic UK market."
Construction financing has been provided by Key Bank. This is the first construction loan financed by Key Bank for Trinitas' student housing developments. Loren King, CEO of Trinitas, said, "We are excited to begin our relationship with Key Bank and continue our partnership with HSRE. By expanding our access to debt capital and combining it with our consistent, successful association with HSRE, we have positioned ourselves for success on present and future student-housing opportunities." +
Related Stories
Multifamily Housing | Apr 9, 2015
Multifamily development and transactions haven’t taken a breather yet
Despite predictions about an impending softening in multifamily construction, builders and developers continue to expand their market reach and portfolios.
Multifamily Housing | Apr 8, 2015
Roof air leakage issues in multifamily buildings isn’t just 'hot air' talk
Paladino's Robert Hayes talks about venting regulations in New York and how air leaks can cost residents upwards of $3,000 a year.
Mixed-Use | Apr 7, 2015
$100 billion 'city from scratch' taking shape in Saudi Arabia
The new King Abdullah Economic City was conceived to diversify the kingdom's oil-dependent economy by focusing more in its shipping industry.
High-rise Construction | Apr 6, 2015
Melbourne tower will light up depending on weather
The tower will be illuminated by 164-foot-tall beams of LED light based on weather updates from the Bureau of Meteorology.
Multifamily Housing | Apr 2, 2015
Historic Cabrini Green church to be demolished for tech-focused multifamily development
The infamous neighborhood’s Saint Dominic’s Church “was instrumental in taming a part of the city that grew up from the swamps as a lawless district of vice and poverty,” according to the Chicago Architecture blog.
Modular Building | Mar 31, 2015
Phoenix apartment complex will be made from recycled shipping containers
The eight-unit complex, called Containers on Grand, was inspired by the need for affordable and sustainable housing near the city's core.
Multifamily Housing | Mar 31, 2015
Plans for a new condo tower in New York create a ‘communal ecosystem’ for residents
The conceptual plans for a 700-foot-tall, 65-story condominium tower in New York City were unveiled in early March by its architect, Perkins+Will.
Multifamily Housing | Mar 27, 2015
Bathroom fixtures get a starchitect makeover by Bjarke Ingels
This Danish starchitect elevates the toilet paper holder (and other bathroom accessories).
High-rise Construction | Mar 24, 2015
Timber high-rise residential complex will tower over Stockholm waterfront
The four towers, 20 stories each, will be made entirely out of Swedish pine, from frame to façade.
Multifamily Housing | Mar 24, 2015
High tech automation is one new condo development’s calling card
The Sterling Collection in Arizona will include the first robotic parking garage for a West-Coast residential community.
