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.
