Developer Core Spaces hopes to break ground in the spring for Hub on Campus, a 19-story, nearly 800-bed mixed-use student housing project set to rise in Midtown Atlanta at 960 Spring St. NW, it tells What Now Atlanta. The company said in an email that it expects to complete project in the summer of 2023, in time for that year’s fall semester for Georgia Tech.
“We want to be a positive addition to the Midtown area with our hospitality-driven offerings,” Core Spaces Managing Director of Acquisitions Rodney J. King said in a statement. “Furthermore, the fundamentals of the Midtown Atlanta market are some of the strongest in the country. Our research shows that our project will be well-positioned to be successful.”
Permit applications for the project filed this month and last outline plans for the construction of 292 units over a four-story podium with retail and garage parking, listing a of construction of $26 million for the multifamily component and just under $20 million for foundation work.
The 792-bed project, which also includes 67 and 81 Peachtree Place, follows other such communities developed around the country by Core Spaces, which has offices in Chicago and Austin. It has also developed Hub on Campus communities – described as its “flagship brand offering best-in-class student student housing” – in Gainesville, Florida and Lexington, Kentucky, among other cities, according to its website.
Slated for the northwest corner of Spring Street and Peachtree Place, just south of 10 Street, its Atlanta project will rise on land owned by Flesh & Soul Enterprises LLC that currently holds an approximately 12,000-square-foot night club building. The site is also across the street from two other student housing developments: Landmark Properties’ The Mark at 955 Spring St., as well as University House Midtown at 930 Spring St.
Rather than the 292 units called for by this month’s permit filings, early plans for the Hub on Campus called for 278 units, with 56 studios, 40 one-bedrooms, 26 two-bedrooms, 30 three-bedrooms, 98 four-bedrooms, 14 five-bedrooms, and 14 six-bedrooms. Plans have also called for 125 parking spaces, accessible from Peachtree Place.
8 Responses
How many luxuary student housing towers does the city need? At what point is there going to be a glut such that these become luxuary high-rise ghettos? Drive by the building servicing Ga State in Piedmont Av downtown on the weekend and see for yourself and think of this one demographic of resident making up a high percentage of the uninvested residents downtown. It seems like a recipe for non socioeconomic equality or balance in the economics of Atlanta.
Hate this. Every night spot in midtown has been run out an turned into this crappy housing.
Who knew that there was such a market for over priced student housing paid for by financial aid checks.
These places are hardly more than the “rent” on a dorm apartment on campus at GT but offer much more. When I had the option to stay on-campus or get an apartment down the street it was a no brainer
These units are extremely expensive and being paid for by student’s well off parents for the most part. These buildings are private and not being paid for by government aid.
Totally agree with the comments below. Also, this building looks like a relic from the 90s- where’s the green space? Is it a passive-building (one that is well insulated, carbon neutral, etc)? Frustratingly, I’m worried Atlanta is just repeating the mistakes of the 70s in its rush to fill in spaces but apart violently by highways in the 70s.
The comments about desire for green space and Atlanta creating a socioeconomic balance all sound lovely. But if you live in reality, they are preposterous. For starters, there is tremendous need for student housing at Georgia Tech and Emory. Home Park doesn’t allow for high rises, so hopping the freeway and building in the Midtown Business District is the only option. This entire project is being built on just .88 of one acre of land. Greenspace isn’t realistic. As for demolishing the building that was there before…it was a disgusting eye sore that attracted the criminal element to the neighborhood. No less than 5 shootings occurred on the premises in the last 3 years. The owner was being pressured to sell. The Midtown Alliance was hell bent on getting rid of that bar. If someone offered you $16,000,000 for a run down nightclub on less than an acre, you would take the money, just as he did. As far as socioeconomic balance goes…that will NEVER happen. You do realize we live in the United States of America, right? Home of the capitalist pig. This will never change and there will never be balance. Separating rich from poor is what makes this country thrive. I’m not saying it’s right. I’m just stating facts. And people wonder why the rest of the world hates us.
One last thing. These units aren’t being paid for with student aid. The vast majority is coming from the students well-to-do parents. These apartments (Landmark’s property at 10th and Spring) are ridiculously expensive. I walked the building prior to it’s opening. These units put 90% of Atlanta’s apartments to shame. The building was incredible, and this new one is supposed to be even nicer.