Core Spaces Helming 2,195-Bed Housing Property Near NC State

Core Spaces and TPG Real Estate are co-developing the Hub Raleigh, a 665-unit, 2,195-bed student housing property in Raleigh, N.C. near the North Carolina State University (“NC State”) main campus. The nearly one million square foot project is currently under construction and slated to be completed by Summer 2026 ahead of the 2026-27 school year.

Located at 111 Cox Ave, the 12-story building will feature a mix of studios and four-bedroom floor plans, each fully furnished. The community will include an amenity package that includes 20,000 square feet of interior and 26,000 square feet of exterior space, including a pool and hot tub, fitness center, fire pit, outdoor kitchen and grilling area, communal clubhouse, coworking space and more.

TSB Capital Advisors acted as financial advisor to Core and TPG Real Estate on the venture and construction financing, provided by Pacific Life Insurance Company.

PC Treehouse Construction, a partnership between Power Construction and Core, is the general contractor and Antunovich Associates is leading the architecture.