News Summary
Parallel has commenced work on a new student housing project in College Station, featuring 500 beds and various living arrangements. Set for completion by summer 2027, this 23-story development aims to enhance student living close to Texas A&M University. The initiative reflects a growing trend in the investment of quality accommodations for students, addressing the demand for accessible and modern housing options.
College Station, Texas – Parallel, a nationally recognized real estate company, has officially started construction on a new student housing development that will feature 500 beds, located at 250 Church Avenue in the Northgate district, just a stone’s throw from Texas A&M University. The project is set to be completed by summer 2027 and aims to enhance the living experience for students in the area.
The ambitious development is a result of a collaboration between Parallel and Kayne Anderson Real Estate. BMO Bank, N.A. is providing the construction financing. This marks the third project undertaken by Parallel to support the housing needs of Texas A&M University students, indicating a sustained commitment to meet the demands of the growing student population.
The new high-rise structure will stand 23 stories tall and will include 148 residential units that offer a variety of living arrangements, including studio, 1-, 2-, 3-, 4-, and 5-bedroom floor plans, along with townhome-style options. The design team for the development includes reputable firms such as Rhode Partners, A Royal Interiors, Mitchell & Morgan, RLG Consulting Engineers, and the general contractor Roger’s O’Brien. Additionally, Power Design Inc. and Kilgore Mechanical have been enlisted as design-build partners for the project.
Construction on this project signifies a broader trend towards increasing investment in student housing near major universities across the country, driven by an urgent need for quality accommodations. As more individuals choose to pursue higher education, the demand for diverse and convenient housing options near campus has surged, prompting developers to respond accordingly.
Parallel is known for specializing in urban infill multifamily and student housing developments, focusing on delivering projects on time and within budget. The company has vested interest and experience in creating livable, well-planned spaces that cater to the needs of students and young professionals alike. In tandem with Kayne Anderson Real Estate, which manages approximately $18 billion in assets across various real estate sectors, the two entities are poised to contribute significantly to the local economy and the housing landscape.
BMO Financial Group, recognized as the seventh-largest bank in North America by assets, has a long-standing history of over 200 years in providing a wide range of banking services. Their role in financing this project underscores the importance of financial institutions in supporting real estate developments that meet evolving community needs.
The construction of the 500-bed student housing facility in College Station is an integral component of ongoing efforts to accommodate the influx of students at Texas A&M University, which has a robust student enrollment. This development not only stands to improve living conditions for students but also aims to foster a thriving community atmosphere in the Northgate district, often sought after for its proximity to campus facilities and vibrant social scene.
This project, along with other similar developments, highlights the continuous evolution of student housing strategies that prioritize accessibility, comfort, and modern amenities, essential for both current and future students. As the construction progresses, community members and stakeholders are encouraged to stay informed about the development’s status. For further details, interested parties can refer to Parallel’s official project webpage dedicated to the 250 Church Avenue initiative.
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Author: STAFF HERE COLLEGE WRITER
The COLLEGE STATION STAFF WRITER represents the experienced team at HERECollegeStation.com, your go-to source for actionable local news and information in College Station, Brazos County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Brazos Valley Fair & Rodeo, Chilifest, and Aggie Muster. Our coverage extends to key organizations like the Bryan-College Station Chamber of Commerce and United Way of the Brazos Valley, plus leading businesses in education, biotechnology, and retail that power the local economy such as Texas A&M University, Fujifilm Diosynth Biotechnologies, and H-E-B. As part of the broader HERE network, including HEREAustinTX.com, HEREDallas.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
