|By PR Newswire||
|September 25, 2012 01:15 PM EDT||
OXFORD, Miss., Sept. 25, 2012 /PRNewswire/ -- Tall pitchers of iced tea, front porches as long as Paula Deen's drawl and bustling town squares are a just a few of the iconic images often associated with the South. A new student housing development – Highland Square – taps into this rich heritage by providing Ole Miss students with an unparalleled living experience that preserves the sense of community for which the South – and Mississippi – is known.
Student housing industry leaders and community officials broke ground for this new $40 million student housing project at ceremonies on Tuesday (Sept. 25). The occasion also marked the official unveiling of the development's name. Officials said the idea for the name came from Oxford's own town square, which has been a popular gathering place since the town's founding in 1837.
"Oxford and the University of Mississippi pride themselves on their rich heritage and the vibrancy of their community," said Andy Feinour, senior vice president of Carter. "We wanted to reflect that in not only the name we chose for the property but also in the way we designed it – to instill a town square type of feel to the community's common areas."
Carter and Chance Partners are developing the property. Campus Advantage, a leading student housing company that manages 48 student housing communities spread across 20 states, will oversee the property.
Located less than two miles from the University of Mississippi, the 753-bed Highland Square is a master-planned student housing community in which cottages, flats and townhomes will make up the more than 100 buildings spread across 60 acres of Mississippi landscape and add to the 39 existing homes on site that already house students. Its centerpiece will be the Town Center where residents can enjoy a cup of coffee at Common Ground, exercise at the Iron Clad fitness center or simply hang out with friends. The Town Center will provide a sense of community rarely seen at student housing properties and is patterned after Oxford's popular Historic Downtown Square.
"When it comes to amenities and floor plans, University of Mississippi students have never had as many options as they will at Highland Square," said Mike Peter, CEO of Campus Advantage. "Today's college students demand more from where they live, and Highland Square delivers. Residents will benefit from our highly rated Students First residence life programs that will help them succeed in school as well as help them prepare for life after graduation."
The list of Highland Square's amenities is long and includes three pools, fitness trails, media center, individual cottage courtyards, community fireplaces, basketball and volleyball courts, a lawn with a stage and games, dog park, car wash/dog wash and media center.
With construction expected to be complete by July, Highland Square is already accepting leases for fall 2013. More information on the community may be found at www.livehighlandsquare.com
About Campus Advantage
Campus Advantage is an Austin-based real estate firm that offers student housing management, development, acquisition and consulting services. The company works to create winning partnerships between colleges, universities, investors, developers and owners in an effort to help students achieve their academic and personal goals. For additional information, please visit http://www.campusadv.com.
Founded in 1958, Carter is one of the country's leading real estate development, investment, and advisory firms. The firm has headquarters in Atlanta and operations across the country. Carter focuses on development of mixed-use and multifamily projects in urban infill locations, equity development of student housing, acquisition of opportunistic office, project management and strategic consulting. Carter's high-caliber associates create value for clients using a team-based approach that leverages strong expertise and a deep knowledge base in a wide variety of markets. For more information, visit www.CarterUSA.com
About Chance Partners, LLC
Chance Partners is a fully integrated, award-winning real estate firm specializing in the development of high-quality multifamily housing communities, retail and storage facilities. Headquartered in Atlanta, GA, Chance Partners is focused on maximizing investment value while developing communities that intertwine into their surroundings. Principals in Chance Partners have a history of developing more than 6,000 mixed-use, multi-family units and over 250,000 square feet of urban-focused retail space, with an aggregate of more than 8 million gross square feet. Learn more at www.Chance-Partners.com
SOURCE Campus Advantage