EdR recently revealed that it has opened SkyVue, a new pedestrian-to-campus community serving Michigan State University and downtown Lansing, MI. In 2017, EdR will deliver nearly $300 million in assets to its owned portfolio and nearly $100 million in third-party developments.
“We anticipate with its location pedestrian to both the MSU campus and downtown Lansing, SkyVue will become a popular center that will bridge both communities,” says Randy Churchey, EdR’s CEO.
The 824-bed wrap-style, mixed-use community, built in a joint venture with RISE: A Real Estate Company, offers floor plans in one-, two- and four-bedroom configurations with more than 4,000 square feet of retail space.
“The grand opening of SkyVue serves not only as a milestone for our companies and our partnership, but more importantly as the mark of a mission accomplished in positively impacting the Lansing community,” says Ryan Holmes, CEO of RISE: A Real Estate Co.
EdR owns 90% of the development and is responsible for leasing and management of the community. Apartments feature private bedrooms and baths, washers and dryers, furnishings, granite countertops and other upscale appointments. Community amenities include a covered parking garage, computer center, study room, fitness center, and two courtyards with grilling stations, televisions, volleyball court and robust internet and Wi-Fi throughout the building.
Michigan State University has an enrollment of more than 50,000 students, offers degree programs in more than 200 academic pursuits and ranks 45th among the nation’s public universities, according to U.S. News & World Report.
As The Reit Wire recently reported, EdR recently opened another campus student housing community. That one, called The Local Downtown, will serve Texas State University in San Marcos. The Local Downtown, a mid-rise community pedestrian to Texas State University, has 304 beds in floorplans ranging from studios to 4-bedrooms. Community amenities include a swimming pool, clubhouse, game room, media room, fitness center with saunas, structured parking and robust internet and Wi-fi throughout the building.