Student housing behemoth Core Spaces is hoping to build a 265-unit student housing project adjacent to the Academy of Medicine in midtown Atlanta. The Atlanta Business Chronicle reports Core is looking at a 0.8-acre site at Seventh and Cypress streets for the Hub Cypress, which is now used as a parking lot. The project would also include a coffee shop and be near Georgia Tech University. Dwell Design Studio is the architect.

Core Spaces would not impact the historic structure, which was built in 1941. The project would offer parking spaces and service-related features for the Academy of Medicine, which is now used as an event space.

The company recently completed The Hub on Campus in the same area, which consists of 290 units. Core Spaces has developed dozens of student housing projects across the United States. Yesterday, ConnectCRE reported on a 2,195-bed project near North Carolina 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.

Chicago-based Core Spaces, a residential real estate developer, owner and operator, is now leasing at Oxenfree WeHo, a new rental community located in the Wedgewood-Houston neighborhood of Nashville, Tennessee.

Part of the company’s Build-to-Rent platform, Oxenfree WeHo spans nearly six acres and features a varied mix of 96 homes, including three—and four-bedroom multi-level townhomes. Over 20 homes are currently completed and move-in ready, with the first residents scheduled to move in July. With additional homes becoming available each week, all homes are slated to be completed by fall 2024.

Oxenfree WeHo will feature 18,700 square feet of indoor and outdoor amenities, including one of the largest private amenity lawns in Nashville. Core currently has approximately 3,000 BTR homes under development and in its pipeline in high-growth metros across the country, including Dallas-Fort Worth, Denver, Nashville, Austin, Charlotte and Florida’s Gulf Coast.

Core Spaces has announced the continued growth of Oxenfree, the company’s Build-to-Rent (BTR) brand. Chicago-based Core has a portfolio of nearly 4,000 homes under development and in its pipeline across major markets including Dallas-Fort Worth, Denver, Nashville, Austin, Charlotte and Florida’s Gulf Coast.

This includes seven communities and approximately 1,500 homes currently under construction and groundbreakings scheduled for spring 2024. Oxenfree at Princeton, located outside of Dallas, spans over 50 acres and features 408 single-family homes. Oxenfree at WeHo, located in Nashville’s Wedgewood-Houston neighborhood has 96 multi-level townhomes. Core has broken ground on five other communities in the last five months.

“After spending nearly 18 years understanding and perfecting the student housing and conventional resident UX, we saw a huge opportunity to bring our design-focused and hospitality-driven approach to their next phase of life with Oxenfree,” said Marc Lifshin, co-founder and CEO at Core. Core’s student portfolio consists of over 60 communities and over 37,400 beds across the country, with a pipeline of over 35,000 beds.