University of Indianapolis, Strategic Capital Partners announce opening of University Lofts
The University of Indianapolis continues to respond to students’ changing needs by developing cutting-edge apartments in partnership with Indianapolis-based Strategic Capital Partners, LLC (SCP). An Open House on Jan. 25, 2019 (noon-2 p.m.) celebrates the first phase of University Lofts, including guided tours of the West Building where students are currently living.
These upscale units, which add 300 beds to meet growing student demand for high-quality living options adjacent to campus, continues the trend started with the addition of Greyhound Village in 2016. Featuring innovative and adaptable common areas, universal wi-fi connectivity, and a variety of unit styles to address unique privacy and living arrangements, University Lofts more closely resembles a modern urban, mixed-use apartment complex than a traditional residence hall.
University Lofts is a 118-unit apartment complex offering furnished single, double and quad rooms with private baths, kitchens, living areas, and washers and dryers. The complex sits on nearly two acres of land developed by a joint venture between SCP and the University. University Lofts, located at 1340 National Avenue, is adjacent to campus and only a short walk from the city’s planned rapid transit bus Red Line which will connect the University to downtown Indianapolis, the north side and popular entertainment districts.
Just nine months after the groundbreaking celebration, student residents are settled in and eager to show others their new home during a campus open house. The $20.5 million investment in University Lofts is a testament to the University’s commitment to the campus and neighboring communities.
University of Indianapolis President Robert L. Manuel said the University Lofts partnership is the latest example of the connection between the University’s vision for the next 30 years defined in 2012 through Vision 2030. In addition to meeting the student demand for high-quality, affordable living options near campus, Manuel said, “University Lofts continues the University’s focus on creating community-gathering places where learning happens so that we can do our best work together. As the University grows, these amenities set the stage for vibrant student life and intellectual development.”
Will Zink, SCP’s senior vice president of construction and development, shares President Manuel’s passion for community improvement. “We’re honored to partner with the University on developments that expand student housing options while enhancing the campus community and excited to see students fill the Lofts’ west building so soon after completion.”
Creating a quality complex like University Lofts requires talent and experience. SCP was proud to partner with CSO Architects and Compass Commercial Construction Group to design and build the project, and has hired Peak Campus to manage University Lofts.
University Lofts is the second housing collaboration for SCP and the University. Greyhound Village, which opened in 2016, is a 4-story building with 196-units housing up to 480 students. Greyhound Village features a mix of furnished one, two, three and four-bedroom units with private baths, kitchens, living areas, and washers and dryers, and is also managed by Peak Campus.
About Strategic Capital Partners, LLC
Strategic Capital Partners, LLC (SCP) is a commercial real estate developer who invests in, develops, owns and operates properties in top tier submarkets in Charlotte, Cincinnati, Indianapolis, Nashville, Northern Virginia and Raleigh/Durham. SCP is the general partner in more than $700 million of office, industrial, multi-family and student housing properties which total nearly six million square feet. The SCP team includes real estate professionals with many years of industry experience in private equity, development, banking, property management and brokerage including Gene Zink and Richard Horn who were both long-serving senior executives at Duke Realty (NYSE:DRE). For more information, please visit www.strategiccapitalpartners.com.
About the University of Indianapolis
The University of Indianapolis, founded in 1902, is a private, liberal arts university located just a few minutes from downtown Indianapolis. UIndy is ranked among the top Midwest Universities by the U.S. News and World Report, with a diverse enrollment of more than 5,500 undergraduates, 1,300 graduate students and 400 continuing education students. The University offers a wide variety of study areas, including 100 undergraduate degrees, more than 40 master’s degree programs and five doctoral programs. With strong programs in the health sciences, engineering, business and education, UIndy impacts its community by living its motto, “Education for Service.” www.uindy.edu.