We’re Pleased to Announce Campus Crest’s Grove at Cira Centre South Project

Brandywine Realty Trust (NYSE: BDN), Campus Crest Communities, Inc. (NYSE: CCG), and Harrison Street Real Estate Capital have announced a joint venture for the development of a 33-story, 850-bed student housing tower at Brandywine’s Cira South development in University City, Philadelphia.

Construction of the project at 2930 Chestnut Street in University City, west of Philadelphia’s CBD is already under way, with a targeted completion date of fall 2014. Leasing is expected to begin in fall 2013.

The project will offer upscale housing within walking distance to retail, residential, mass transportation and university facilities. Amenities include a roof-top swimming pool, media lounge and a 24-hour fitness center.

Campus Crest will act as property manager of the completed tower, designed by architect Erdy McHenry in consultation with Cira master plan architect César Pelli. The project is targeting LEED Gold certification.

Ted Rollins

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About the Author ()

Ted Rollins is the Co-Chairman of the Board and Chief Executive Officer of Campus Crest. He co-founded Campus Crest in 2004 and established it as a leading developer, builder, owner and manager of high-quality, purpose-built student housing properties located in targeted U.S. markets.

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