EDINBURG, TX—A $27.73 million off-campus student housing community is coming to University of Texas Rio Grande Valley's Edinburg campus in time for fall enrollment next year. Domus Development will break ground in May 2016 for Legends Edinburg, which will bring 566 beds to the market.
Located on the corner of Chapin Street and Sugar Road, less than a mile from the Edinburg campus, Legends Edinburg will provide students with a wide range of amenities to create the best community for residents to live, study and play. Amenities include a salt-water pool, sand volleyball court, study rooms, a clubhouse with a game room and a computer lounge.
Eric Jakimier, owner of Domus Development, tells GlobeSt.com: "We are excited to break ground on a unique student housing community near the new University of Texas Rio Grande Valley's Edinburg campus this May. We are building a community that's truly tailored to the unique student population, with nearly 30% of our apartments being built as one-bedrooms. This isn't traditional in purpose-built student housing, but with the new medical school opening on campus, we wanted to make sure we were meeting those students' needs."
Residents will be able to choose from a variety of spacious floor plans including one-, two- and four-bedroom options. The individual apartments will come fully furnished with modern appliances, granite countertops, hardwood style flooring, ceiling fans, full-sized washer and dryer and more. Residents will be able to sign individual leases, meaning they are only responsible for the rent of their individual bed, not the rent of the entire apartment. The entire property is also equipped with high-speed Wi-Fi, and will employ an on-site maintenance and management staff.
"The one bedrooms will be a draw for the medical students who prefer the solidarity as the new medical program at the University of Texas Rio Grande Valley opens," says Jakimier. "This area of Texas is rapidly growing and having the chance to develop a community in near the new and improved University of Texas Rio Grande Valley's Edinburg campus, offers us the opportunity to do something different."
Legends Edinburg will be the second purpose-built student housing community on the campus. Domus Development is a veteran student housing development company based in Dallas. It has hired Asset Campus Housing (ACH) to manage the community. This is the fifth project that Domus Development has brought ACH in to manage and lease up.
"We've worked closely with Eric on past projects and we are excited to partner with him again for Legends Edinburg," said Joe Goodwin, senior vice president of marketing for Asset Campus Housing. "This community will offer a unique atmosphere for its residents, tailored to fit their needs to help them be successful in school and in life."
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
