Posted: October 21, 2021 at 7:22 p.m. EDT|Update: 3 hours ago
BATON ROUGE, La., 21 October 2021 / PRNewswire / – Dallas-based Fountain Residential Partners Announces Start of Construction on The Vue on Parker, a 294-bed student housing community in Red Stick in the service of Louisiana State University Marlet. Located at 300 W. Parker, the project will provide 132 luxury apartments in a charming community setting in the service of acceleration. LSU housing market.
The overall workforce from 2021 to LSU is at an all-time high of 35,914 students with the freshman class setting records for size, diversity and achievement. No specially designed off-campus student housing has been built since 2018 and The Vue on Parker is the only development under construction, making it the newest and most up-to-date student community on the market by 5 years when completed in the Fall 2023.
Vue on Parker will offer a unique mix of studio and five-bedroom apartment units, all with bed / bath / walk-in suites, which have been the most successful apartment types on the market. Community features include a pool, clubhouse, weight and cardio center, and several private study rooms. Each fully furnished apartment home will feature condo-like finishes, including wood-look floors, granite countertops, queen-size beds with pillow-top mattresses, 60-inch flat-screen Wi-Fi TVs, Stainless steel appliances, a full size washer and dryer and a -Site structured parking garage. Without a doubt, the best amenities the community has to offer are the walking distance to campus, high visibility along a main thoroughfare, and its direct proximity to Touchdown Village, the main tailgating site for football games. LSU Tiger.
Trevor Tollett, Executive Vice President of Fountain Residential, says, âWhat attracted us to this opportunity was the location and layout of the site. It is a unique triangular site which is delimited on all sides by public streets which offers the possibility of designing a flat iron building. This is what we call a âfall from bedâ location for LSU. We followed the LSU market for over a decade and estimated that the timing of delivery of such a unique community in the fall of 2023 will coincide with the market reaching peak performance. “
Fountain Residential Partners partially raised capital using a crowdfunding platform via CrowdStreet, Inc. This was the third such fundraiser in partnership with CrowdStreet. First United Bank and Trust is the construction lender.
The Vue on Parker was designed by Stuart Roosth Architects and local civil engineering firm Duplantis Design Group. Fountain Residential Partners continues its long-standing relationship with MW Builders as a general contractor and construction is expected to be completed before the start of the fall school year 2023, with rental scheduled to begin in the third quarter of 2022.
About Fountain Residential Partners:
Fountain Residential Partners is a privately-held development and asset management company specializing in luxury, mixed-use and affordable apartments in the United States college and college markets. Specialized in student housing since 2000, the leaders of Fountain Residential have achieved more than $ 2 billion in the construction of new student accommodation across the country.
Trevor C. Tollett – Executive Vice President
Fontaine Residential Partners, LLC
2626 Cole Avenue, Suite 620
Dallas, Texas 75204
Telephone: (972) 861-5080
Renderings and graphics are available upon request.
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