ATHENS, GA-The first student housing project in years in the Athens central business district has broke ground.
Chance Partners, LLC of Atlanta says that construction has begun on its 32-unit, 128-bed development on East Broad Street. The Eclipse is located less than five blocks from the historic arch on the University of Georgia campus.
“With an aging downtown inventory, Athens’ strong rental and occupancy rates and our competitive rents and preferred location, we feel now is the perfect time to introduce our urban-style student housing concept to the Athens market,” states Judd Bobilin, president and CEO of Chance Partners. Eclipse will feature loft and townhome style units that will offer private bathrooms for every bedroom; gourmet kitchens with imported granite countertops, designer wood cabinetry and stainless steel appliances; full-size washers and dryers; hardwood-style flooring; walk-in closets and storage space.
Many units will also offer roll-up doors in the living area, exposed brick accent walls, surround sound and designer lighting. All units will come furnished with living and bedroom furniture and will include a 42″ flat-screen television in the living room. Rents will start in the $600′s per bed, per month and include cable television, high-speed Internet, maintenance, trash and water.
The project is scheduled for delivery by this July.