RALEIGH, NC—Can a student housing project helpdrive revitalization forward in a southern city? KaneRealty is out to prove it can with a new upscale,off-campus student housing community that willbegin serving North Carolina State University (NCSU) students inSummer 2015.

Kane launched construction on the $78 million project dubbedStanhope earlier this year and believes the studenthousing community will continue the revitalization ofHillsborough Street. The project offers 822 beds and 25,000 squarefeet of retail space.

“We identified an opportunity to create a truly unmatched typeof student living that focused on not only amazing amenities andconvenience, but also the importance of beingenvironmentally-friendly,” says John Kane, CEO ofKane. “We are confident that Stanhope will be a one-of-a-kindliving destination for University students.”