Dallas-based Fountain Residential Partners, in a joint venture with Dallas-based HC2 Capital, LLC, announces the development of its first student housing community in Arlington, Texas serving the University of Texas – Arlington. Located on West Mitchell just west of Cooper Street, 8FOUR8 Mitchell will provide 298 luxury apartment homes for up to 687 students in the most highly amenitized and luxurious student housing to serve the rapidly expanding UTA market.
The University of Texas – Arlington attracted the attention of the award-winning national development firm due to its Tier One research designation, incredible growth, diversity of student population, and nationally recognized quality education. The new community will be constructed near the on-campus Centennial Court apartment, across from UTA’s Administration Building, and directly adjacent to Doug Russell Park [map].
The 5.1-acre property will consist of 687 bedrooms including one-, two-, three-, four-, and five-bedroom apartments and townhouses, along with a resort-style pool area, an expansive 9,000 SF clubhouse with strength training and cardio center, and multiple private study rooms. Each fully furnished apartment home will feature condo-like finishes including wood-look flooring, granite countertops, queen-sized pillow-top beds, 50-inch flat screen TVs, stainless steel appliances and full-sized washer and dryers.
READ MORE: http://markets.businessinsider.com/news/stocks/Fountain-Residential-Partners-Developing-Best-In-Class-Student-Housing-Project-at-the-University-of-Texas-in-Arlington-in-a-New-Joint-Venture-with-HC2-Capital-LLC-1002198434