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CRG and Landmark Properties completed the sale of The Standard at Columbia, a 17-story, 678-bed student housing tower near the University of South Carolina. CapitaLand was a capital partner on the project and, through this transaction, acquired the remaining interest in The Standard at Columbia. The Standard at Columbia, which opened last summer and was 91.3% occupied for the 2023-24 academic year – and is 98.1% pre-leased for the 2024-25 academic year – is located on an urban infill site at the intersection of Washington and Assembly streets, steps from retail, restaurant and entertainment. After CRG broke ground on The Standard in 2021, despite a challenging economy, the project was completed ahead of schedule and under budget. The Standard at Columbia features 678 beds across 247 fully furnished studio to five-bedroom units. A generous amenity package includes a resort-style rooftop pool with sun shelves, jumbotron, fire pit, and outdoor grilling stations; complimentary tanning beds; fitness center; multi-sport simulator; academic lounge with private study rooms and computer lab; resident clubroom; bike storage; and garage parking with EV charging stations. Clayco served as the general contractor on the development, while Clayco subsidiary Lamar Johnson Collaborative was the architect. Read more about the project here: https://lnkd.in/g5abk9e4 #StudentHousing #RealEstate #UniversityLiving #USC #RealEstateDevelopment #CollegeLife #CampusLiving #PropertyDevelopment

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Grandon Gray

Real Estate Development & Construction | Business Development | Government Affairs

1mo

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