Back A Mixed-Use Student Housing Tower for the University of Central Florida and Valencia College
Naples, Fla. – September 17, 2019 – Halstatt Real Estate Partners, a real estate private equity firm, today announced the opening of UnionWest at Creative Village, a student housing tower and academic complex in downtown Orlando. The company provided equity and partnered with Development Ventures Group and Ustler Development to create the 15-story building with 644 student housing beds, more than 100,000 square feet of academic space and 11,000 square feet of street-level retail plus a 600-space parking garage.
Located at the corner of W. Livingston Street and N. Terry Avenue, the $105 million UnionWest is part of Creative Village, a $1.5 billion mixed-use master redevelopment project. The high quality, sustainable neighborhood will feature a dynamic mix of uses with urban amenities such as restaurants, entertainment, art, parks, and open spaces.
“Halstatt Real Estate Partners is proud to contribute equity to UnionWest at Creative Village, a best in class collaborative, learning and academic campus in the heart of Orlando. We are pleased with the execution and quality of the project and excited to be a part of the new University of Central Florida and Valencia College downtown campus at Creative Village,” said Katie Sproul, chief executive officer, Halstatt.
Five of the six ground-floor retail locations in UnionWest are leased and include Vera Asian, Addition Financial, Subway, Dunkin’ and Qdoba Mexican Grill. The student housing opened at over 97% leased.
“We are impressed and delighted with the final building and are confident that students will enjoy this premier living experience,” said Bobby Sullivan, principal, Halstatt Real Estate Partners. “Halstatt continues to look for opportunities with qualified partners to invest in and create premier student housing projects at universities in high growth markets.”