Published On: Mon, Oct 13th, 2014

University Park Developer Expands Student Housing Portfolio In Boca Raton

University Park Under Construction 09 30 2014The joint venture partnership of Rosemurgy Properties and Giles Capital Group has expanded their student housing portfolio in Boca Raton, FL with the purchase of Boca Sol, 200 NE 20th Street and the purchase of partnership interest in Addison Park, 2190 NW 4th Court. These acquisitions join the new University Park off-campus lux student housing project currently under construction at 135 N.W. 20th Street, and have increased their investment value to more than $100 million along the 20th street corridor in Boca Raton.

“We are pleased to be able to fulfill the need for off-campus student housing along 20th Street in Boca Raton with about 900 beds for college students. Boca Sol and Addison Park are fully-leased for the current fall 2014 semester and University Park will be available for students in the summer of 2015,” said Rick Giles, President, Giles Capital Group.

Boca Sol has been re-positioned for student housing and re-branded as University Square – www.uliveusquare.com. Renovations just completed include a new fitness center and resident lounge with flat screen televisions, computers and Wi-Fi access, a beach volleyball court, and renovated pool area. Newly renovated units include new floors, kitchens and baths and come fully furnished. The property consists of five, two-story buildings totaling 90 units with 128 beds, all with screened balconies that overlook the central courtyard area featuring the swimming pool and the new beach volleyball court.

Addison Park, an off-campus student housing property adjacent to the Florida Atlantic University campus, will be re-branded as University View – www.uliveuview.com. The property includes 55 townhouse units with 165 beds, a swimming pool, fitness center, beach volleyball court, nighttime security guard, and limited access gated entrances.

University Park – www.uliveupark.com – is the first, purpose-built student housing project in Boca Raton. This 280,000 square-foot, off-campus community will feature eight, four-story buildings with accommodations for 598 beds in 159 units. The fully-furnished 2, 3 and 4 bedroom apartments will have modern furnishings, flat screen TV’s, in-unit washer/dryers, kitchen, living area, private bedrooms and private bathrooms for each resident. University Park will offer extensive amenities including a state-of-the-art 13,500 square foot, two-story clubhouse with a student café and juice bar, 24-hour fitness and cross-fit facilities along with a yoga studio, hi-tech video gaming rooms, computer labs, study and conference rooms, and state-of-the-art vending areas providing the students with supplies and snacks. Outdoor features will incorporate a resort-style pool area with green space for lounging, barbecue grills, fountains, and study hammocks. The community will have 1GB internet speed and wireless internet speed, secured indoor bicycle storage, on-site property management, nighttime security guard, and limited access gated entrances.

Woodlark Companies, Miami, FL has been retained for the management and leasing responsibilities for University Park, University View and University Square.

About the Author

Displaying 1 Comments
Have Your Say
  1. […] University Park Developer Expands Student Housing Portfolio In Boca Raton – The joint venture partnership of Rosemurgy Properties and Giles Capital Group has expanded their student housing portfolio in Boca Raton, FL with the purchase … and renovated pool area. Newly renovated units include new floors, kitchens and baths and … […]

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>