Austin-based developer breaks ground on second student housing building in Northgate District – WTAW
An Austin-based developer announces the opening of a second student housing project in the Northgate neighborhood.
A press release from the company called Parallel says a yet-to-be-named 750-bed apartment building at 401 First Street, which is on the corner of First and Louise, is expected to open in the fall of 2024.
Construction continues at what is being called “Rev”, an 802-bed building at 315 College Main, which is due to open in August next year.
Additional information from Parallel:
Parallel, an Austin-based real estate development company, broke ground on a 750-bed property at 401 First Street that will serve Texas A&M University students and mark the company’s second recent development in College Station.
The project at 401 First Street will offer a mix of unit types with an emphasis on bachelor, one and two bedroom units. The property will provide its residents with a modern, well-appointed community and academic-focused property and is scheduled to open for the Fall 2024 semester. Amenities will include a full-service Smart Market, Influence Room, Lounge playground, dog park, walk-in townhouses, pool and spa, outdoor kitchen, outdoor study area, outdoor games, yoga room, fitness room, community spaces with multiple study areas, including conference rooms and pods, as well as a sky lounge overlooking Texas A&M and Northgate.
“Parallel is thrilled to open its second project at Northgate, near the A&M campus,” said Kristen Penrod, Principal of Parallel. “This project will provide a diverse mix of units focused on living and learning close to a campus that anticipates continued enrollment growth. Parallel looks forward to providing A&M students with a highly appointed and purpose built product in the Northgate area.
The company has spent a lot of time researching the College Station market in depth so that they can create a community that meets the housing expectations of the next generation of students in Northgate. The result is an academically-achieving community with multiple unit options for students, ranging from studios and one-bedroom units up to a six-bedroom two-story townhouse unit.