At a glance
- Pacific Life is providing construction financing, and Batson-Cook Development Company is the development partner; the loan is Pacific Life's fourth to 908 Group and the project is the sponsor's fifth joint venture with Batson-Cook.
- Chapter House UF will hold 219 units totaling 684 beds, plus more than 9,000 square feet of amenity space and a structured parking garage.
- UF has more than 57,000 students and record-high application demand, according to Connect CRE.
908 Group has broken ground on Chapter House UF, a 684-bed Class A student housing project at 920 SW Depot Ave., adjacent to the University of Florida campus, Connect CRE reported Oct. 16.
Pacific Life is providing construction financing, and Batson-Cook Development Company is the development partner; the loan is Pacific Life's fourth to 908 Group and the project is the sponsor's fifth joint venture with Batson-Cook. The loan amount, term and pricing were not disclosed.
Chapter House UF will hold 219 units totaling 684 beds, plus more than 9,000 square feet of amenity space and a structured parking garage. Completion is scheduled for the summer before the Fall 2028 academic year, with ARCO/Murray as general contractor and Humphreys & Partners Architects as architect.
UF has more than 57,000 students and record-high application demand, according to Connect CRE. The report also notes that 908 Group recently delivered another student housing community near UF, without naming it.
| Party | Role | Detail |
|---|---|---|
| 908 Group | Sponsor/developer | Fifth JV with Batson-Cook, fourth construction loan with Pacific Life |
| Pacific Life | Construction lender | Loan amount, term and pricing not disclosed in the report |
| Batson-Cook Development Company | Development partner | Fifth joint venture with 908 Group |
| ARCO/Murray | General contractor | — |
| Humphreys & Partners Architects | Architect | — |
Reported by the Real estate debt desk from Connect CRE. Published . Corrections