Progress Brings Luxury Student Housing to UNCW

CHARLOTTE—Progress Student Living has started construction on Progress910, a
luxury student housing community near the University of North Carolina Wilmington (UNCW). When completed, Progress910 will offer three four-story student housing buildings with 528 bedroom/bathroom suites in 168 apartment units.

Located on a 16-acre site at 316 Marlboro Street in Wilmington, Progress910 is located about one mile west of the main entrance to the UNCW campus. UNCW currently has 14,100 enrolled undergraduate and graduate students, a 6% increase over the 2012-2013 academic year. U.S. News and World Report recently ranked UNCW among the top 15 universities in the South and the sixth-best public university in the region.

"Progress910 will be the most luxurious student community in the UNCW market," says Michael Francis Allard, a principal with Progress Student Living."Its location and amenities will make it a popular choice for students who want to live close to campus.”

The student housing units will be fully furnished and available in two-, three- and four-bedroom floor plans. Unit amenities will include 40-inch, flat-screen televisions; high-speed Internet connections; full-size, walk-in closets; stainless-steel kitchen appliances; full-size washers and dryers; sound-insulated walls; private patios or balconies; and wood-style flooring in all rooms.

The student housing project is the third to be built by the partners of Progress Student Living, a real estate development company founded by the principals of HighBridge Properties, a real estate investment, brokerage and advisory firm in San Francisco; and Progress Builders, a general contractor and developer in Myrtle Beach, S.C., that specializes in multifamily properties.

Progress910 will be completed next summer, and leasing is under way for the fall 2014 UNCW semester. Asset Campus Housing has been engaged to serve as property manager.