Upload
clifftidwell
View
18
Download
3
Tags:
Embed Size (px)
DESCRIPTION
Presentation at the 11th Annual NMHC Student Housing Conference & Exposition for design trends in student housing. Presented on October 1, 2013.
Citation preview
Moderator: Greg Faulkner | PRESIDENT Humphreys & Partners Architects, L.P. Speakers: Brian Dinerstein | PARTNER The Dinerstein Companies Wes Rogers | PRESIDENT & CEO Landmark Properties Michael Apt I DEVELOPMENT DIRECTOR Gilbane Development Company
HOW IS DESIGN CHANGING TO MEET STUDENTS NEEDS/WANTS?
• Unit Design • Extreme Amenities • Product Types (Walkable to campus vs.
shuttle bus) • Security (Parents!) • Hotel Services / Resort Amenities • Green / Sustainable • Social / Gathering Areas • Mixed Use (Grocery, Restaurants, Bars,
Yogurt)
DEVELOPMENT • How was your 2013 lease up? • What markets are you working in? • What’s in your pipeline for 2014 and beyond?
• 5-story over podium • 610 beds • 199 beds per acre • 1 - 5 bedroom units • 478 – 1730 sq. ft. units • Retail space below
THE STANDARD AT ATHENS Athens, Georgia
Developer: Landmark Properties
RETREAT AT CORVALLIS Corvallis, Oregon
Developer: Landmark Properties
• Student cottage, townhouse and garden apartment community pedestrian to Oregon State University
• 330 units/1016 beds • 564– 2199 sq ft units • 17,570 sq. ft. 2-story clubhouse
• 552 beds / 158 units • 2 & 4 bedroom units • 816 – 1,447 sq ft units • 57.14 units per acre • Resort style pool, multiple courtyards with fire pits,
pet parks, 24-hour fitness room, coffee house, flat screen TVs, game rooms, study rooms
THE DEN - UNIVERSITY OF MISSOURI
Columbia, Missouri
Developer: Gilbane Development
WEST MARSHALL STREET Richmond, Virginia
Developer: Gilbane Development
• 406 beds • LEED certified • Clubhouse with pool, fire pit, tanning booth, yoga
studio, rooftop terrace, flat screen TVs, fully furnished • Clubhouse in renovated historic structure from 1900
• 5-story student apartments • 664 beds / 246 units • 119 beds per acre • 1 , 2, 4 & 5 bedroom units • 1.03 parking spaces per bed
LSU III – BATON ROUGE Baton Rouge, California
Developer: Dinerstein Companies
STERLING FRISCO Fayetteville, Arkansas
Developer: Dinerstein Companies
• 4/5 story with partial basement • 176 units / 585 beds • 59 beds per acre • 1, 2, 3 & 4 bedroom units • Surface parking
• 1 ,2 & 4 bedroom units • 70 units / 210 beds • .42 acres • 167 beds / acre • 170 garage parking spaces
920 CHERRY STREET Columbia, Missouri
Developer: Collegiate Housing
MOUNTAIN LOFTS Rexburg, Idaho
Developer: Campus Acquisitions
• 4-story wrap • 164 units / 499 beds • 89 beds per acre • 2, 3 & 4 bedroom units • 905 – 1,736 sq ft units • 5-level parking garage
• 4/5 story • 191 units / 650 beds • 96.58 beds per acre • 1 - 5 bedroom units
STANDARD AT FLAGSTAFF Flagstaff, Arizona
Developer: Landmark Properties
STANDARD AT BATON ROUGE Baton Rouge, Louisiana
Developer: Landmark Properties
• 5/6-story • 4.3 acres • 292 units • 883 beds • Studio-5 bedroom units
• Adjacent to Brown University • 95 Suite Style Units / 267 Beds • 1,2 and 3 bedrooms • 75 underground parking spaces • 1,000 sq. ft. of retail • Large Clubhouse with Courtyards & Rooftop Deck
257 THAYER STREET Providence, Rhode Island
Developer: Gilbane Development
COLLEGETOWN ROCHESTER Rochester, New York
Developer: Gilbane Development
• 2-5 story vertical mixed use buildings • 450 beds • 100,000 sq ft of retail • 1,200 car garage • 75,000 sq ft of office • Features Barnes & Noble, serving as University’s
official bookstore • 150 room Hilton
• 5-story student apartments • 659 units / 1784 beds • 178 beds per acre • LEED Silver, with rooftop photovoltaics
STERLING ALVARADO San Diego, California
Developer: Dinerstein Companies
STERLING FRY STREET Denton, Texas
Developer: Dinerstein Companies
• 4-story • 194 units / 621 beds • 141 beds per acre • 1, 2, 3 & 4 bedroom units • 596 – 1,519 sq ft units
•3-story student housing •92 units / 296 beds •960 – 1,632 sq ft units •2, 3 & 4 bedroom units •54.61 beds per acre •Surface and garage parking
STUDENT HOUSING Auburn, Alabama
Developer: Barrett Development Company
413 E HURON Ann Arbor, Michigan
Developer: Carter
•14-story student housing •187 units / 570 beds •567 – 1,312 sq ft units •1, 2, 3 & 4 bedroom units •619.57 beds per acre •Surface and garage parking
• 5-story wood with above grade garage • 232 units/790 beds • 826 – 1,648 sq ft units • 2, 3 & 4 bedroom units • 217 beds per acre • 234 bike spaces • 651 parking spaces
13th & OLIVE Eugene, Oregon
Developer: Capstone
THE LOFTS AT CITY CENTER Tuscaloosa, Alabama
Developer: Capstone
• 5-story mixed use • 1250 beds • 370 units • 1,250 sq ft unit average • Retail below
• 4-story student housing • 1, 2, 3 & 4 bedroom units • 632 – 1,371 sq ft units • 177 units/508 beds • 91 beds per acre
STUDENT HOUSING Knoxville, Tennessee
Developer: 908 Development
THE COURTS AT RIVERBEND San Marcos, Texas
Developer: Aspen Heights
• 4-story student housing • 129 units / 394 beds • 856 – 1,357 sq ft units • 2, 3 & 4 bedroom units • 56.61 beds per acre • Surface parking
RETREAT AT ORLANDO Orlando, Florida
Developer: Landmark Properties
THE STANDARD AT ST. LOUIS St. Louis, Missouri
Developer: Landmark Properties
• 1-5 bedroom units • 164 units / 450 beds • 536– 1,725 sq ft units • 230 beds / acre • 7,558 sq ft clubhouse • 388 parking spaces, .86 spaces / bed
• Student cottage community at the University of Central Florida
• 221 units / 894 beds • 1,395-2,476 sq ft units • 12,100 sq ft clubhouse
• Townhomes • 112 units/448 beds • 4 bedroom/4.5 bath • 1,881 sq. ft. units • 53.59 beds per acre • 453 parking spaces
U CLUB WOODWARD Tallahassee, Florida
Developer: American Campus Communities
VALLEY ROAD Reno, Nevada
Developer: Dinerstein Companies
• 190 units / 704 beds • 877-1,575 sq ft units • 88 beds per acre • 2, 3, 4 & 5 bedroom units • 1,292 sq ft average unit • 581 parking spaces
MICRO | 365 sq ft
4 BEDROOM | 1390 sq ft
SUPER UNIT | LOWER
SUPER UNIT | UPPER
1 BEDROOM | 560 sq ft 1800 sq ft
UNIT DESIGNS
• Micro units / studios • 4 and 5 bedroom units • Townhomes vs. all flats • Individual bathrooms
IT’S ALL ABOUT AMENITIES • Cyber Cafes With Gourmet Coffee Bars • Top Notch Athletic Centers • Rooftop Decks/Pools with Shallow Lounge Decks • Clubhouses • Walk-in Closets • High Tech Study Areas • Resort Style Pools and Sundecks • Outdoor Kitchens • Bicycle Storage • Walking Distance to Campus, Retail & Restaurants • Keyless Entry • 3-D Theater Room with Full Gaming Station • Preferred Parking for Fuel Efficient Vehicles • Water Basketball and Volleyball • WiFi at Pool and Courtyards • Professional Sound System at Pools • BBQ Areas with Seating • High Powered Tanning Beds • Bum a Bike Programs • Reserved Parking Available • Steam Rooms and Saunas • Pool Side Yogurt Delivery • Climbing Walls • Washer and Dryer Units
“GREEN” DESIGN FACTORS • Urban locations, particularly if redevelopment • Electric car charging stations • Bike storage/Bike rental programs • Access to public transportation • Recycled glass countertops • Recycling • Preferred parking for fuel efficient vehicles • Wiring for future PV panels • What’s next?
WHAT’S NOT HOT IN STUDENT DESIGN?
• Small Closets / Lack of Storage Space • Limited Wi-Fi and Slow Connections • Long Walk / Drive to Campus • Lack of Parking • No Common Spaces • Shared Bedrooms • Lack of Security • No Attention to Green Design
CONSTRUCTION COSTS
Why Hard Costs Are Higher
• Concrete up 5% from a year ago • Copper doubled from 2009-2011; up 5% in 2012 • Lumber has sky rocketed, up 25% as of December 2012;
fell 5% in January but dimensional lumber up 39%; plywood up 38%
• Asphalt up again • Gyp board up 14% in 2012 • Paints / Coatings up 10% • Insulation up 5% in 2012 • Light fixtures up 15% 2010 to 2012
CONSTRUCTION COSTS
• Surface / Garden Style Apartments:
$78 - $82 per sq. ft. on net in Texas and Southeast (30 to 50 beds per acre)
• E-Urban / Surface Parked Apartments:
$82 - $84 per sq. ft. on 3-story and $86 - $88 per sq. ft. on 4-story elevatored in Texas and Southeast
(80 to 90 beds per acre)
• Wrap Garage Apartments: 4-story (120 to150 beds per acre) $115 - $120 per sq. ft. in Texas & Southeast
• Podium Parked Apartments:
$135 - $140 per sq. ft. in Texas and Southeast (170 to 220 beds per acre)
• High Rise Apartments:
$165 - $180 per sq. ft. in Texas & Southeast (300 beds per acre or higher)
*15% higher out West (not California, Midwest or Northeast)
15% to 30% higher in California, Midwest, Northeast and Pacific Northwest 10% higher on 5-story product
Prices depend on square foot average, site conditions and other factors.
AMENITIES
• Massive party pool
• (resort style) 7200 sq ft
• Spa
• Amenity Cave
• Putting green
• Sky Fitness
• Private penthouse rooftop pool
• Climbing wall
• Sand volleyball on garage roof
• Solar Panel Trellis and
lounge/cooking space on garage
roof
• Roof patios on 5 story wood frame
• Clubhouse amenities
• Bike rental station
SITE PLAN
• SITE AREA 3 acres • DENSITY 355 beds per acre • TOTAL BEDS 1064
• 5-STORY 110 units, 440 beds • 30-STORY 624 beds
• PARKING PROVIDED 958 spaces • PARKING RATIO 0.9 spaces per bed • “HOME RISE”® Concept • TOWER EFFICIENCY 88%