01 May University Park Student Living Complex Completed
Boca Raton, FL (May 1, 2015)…The joint venture partnership of Rosemurgy Properties, Giles Capital Group, and Lewis Rental Properties has completed the development and construction of University Park, the first, purpose-built student housing project in Boca Raton, Florida. The luxury student living complex was built on 10.89 acres at 135 N. W. 20th Street. Construction for University Park commenced in February 2014, and students began moving in on April 30, 2015.
This 279,097 square-foot, off-campus community features eight, four-story buildings with accommodations for 598 beds in 159 units. The fully-furnished 2, 3 and 4 bedroom apartments have modern furnishings, energy efficient appliances, flat screen TV’s, in-unit washer/dryers, kitchen, living area, bedrooms and private bathrooms. University Park offers extensive amenities including a state-of-the-art 13,500 square foot, two-story clubhouse with student lounge, 24-hour fitness facilities with a cross fit room and yoga studio, hi-tech video gaming room, computer lab, study and conference rooms, and a mini-store with fresh and frozen foods and snacks, beverages and sundry’s.
Outdoor features incorporate a resort-style pool area with green space for lounging, barbecue grills, and study hammocks. The community has 1GB internet speed and wireless internet throughout the property, a cell phone boost system, secured indoor bicycle storage, on-site property management, and limited access gated entrance. Free transportation is provided in the form of a private shuttle bus to transport residents to and from Florida Atlantic University and Palm Beach State College in Boca Raton.
The University Park project team included: Architect: RLC Architects, Boca Raton, FL; General Contractor: Current Builders, Pompano Beach, FL; and Interior Designer: VPA Interior Design, Boca Raton, FL. Property management for University Park: Park Partners Residential, Deerfield Beach, FL. Construction financing managed by HFF, Miami, FL.
About Rosemurgy Properties
Founded in 1977 and located in Boca Raton and Deerfield Beach, Florida, Rosemurgy Properties is a privately owned commercial real estate development, investment and management firm. Portfolio assets include multi-family, self-storage, retail, office and land properties, with the focus of a long term diversified investment strategy. The company, which includes construction and property management divisions, continues to expand and is committed to providing outstanding service and quality for its investors, customers and residents. For more information about Rosemurgy Properties, please visit www.rosemurgyproperties.com or call 954.571.3404.
About Giles Capital Group
Giles Capital Group is a real estate investment and advisory services company focused on the multi-family industry. As President and founder, Richard P. Giles has 26 years of experience in the apartment industry including guiding the operations of more than 25,000 apartments throughout the Mid-Atlantic and Southeastern regions of the United States. During his career, Mr. Giles has also been responsible for fee managed, joint venture, REIT-owned properties, and condominium conversion/associations. He formed Chameli of Miami LLC for the purpose of acquiring student housing development sites and assets, and is a past investor/owner of the Campus Circle purpose-built student housing development in Tallahassee, FL. Prior to founding Giles Capital Group, Mr. Giles was Chief Operating Officer with The Bainbridge Companies and Group Vice President with Archstone-Smith. Mr. Giles is a licensed real estate broker and has served on the board of directors of the Palm Beach, Broward and Miami-Dade Apartment Associations. For more information about Giles Capital Group, please call 561.602.3895.
About Lewis Rental Properties
Boca Raton based Lewis Rental Properties was founded in 1970. The company has developed Boca Design Center, Boca Industrial Center and other light industrial warehouse properties along with self-storage properties. For more information about Lewis Rental Properties, please visit www.lewisrentalproperties.com or call 561.394.9500.