Nation's Largest Privately-funded Student Housing Complex Opens

October 23, 2007

University Commons, the largest privately-funded university housing development in the United States, officially opened at Georgia State University in Atlanta this semester. Developed by Ambling University Development Group in partnership with the Georgia State Foundation Inc., the nearly 750,000 square-foot student housing project is now the on-campus home to 2,000 students.  
 
University Commons is a product of Georgia State's 2005 Strategic Plan, addressing the goal to increase the quality of space and accommodate a growing and diverse student body, which now tops 50,000.  The $168 million project was funded by the largest bond issued in the United States for student housing.
 
"Ambling was instrumental in helping us finish the University Commons project early and under budget, and we look forward to partnering with them on future projects," said Carl Patton, president of Georgia State University.
 
Upon completion of the development, Charles Perry, president of AUDG, handed more than just a set of keys to the building to Dr. Patton – he also presented him with a check for $110,000.  The money will endow a scholarship for students living at University Commons, who are majoring in real estate development, urban policy, or finance.

"We have a responsibility to the University to build the highest quality facility which will serve their long-term needs," remarked Perry. "We also want to be a positive steward of the resources entrusted to us.  We were honored to be chosen by Georgia State to partner with them on this project and we feel that this endowment will help to ensure that the residents of University Commons have the resources they need to become future leaders in our field."

The student housing complex is set on 4.2-acres in densely populated downtown Atlanta, transforming the urban area into a living-learning community for its student tenants. The development's four mid-rise buildings, ranging from eight to 15 stories, offer students private, single bedrooms in two or four bedroom units. Although designed to house primarily first year students, the units also have designated space for upper-class scholars.
 
"University Commons was designed to help develop a more vibrant on-campus community, highlighting the University's gradual shift from being a commuter campus," said Paul Morgan, vice president of project management for Ambling University Development Group. "The University selected our team for this project based on our proven track record of developing high-quality, on-campus housing throughout the state, including on the campuses of the University of Georgia and Valdosta State University."
 
University Commons, which opened its doors to student residents on August 10, was designed to create a multifunctional environment that satisfies constantly evolving student needs.

"Ambling University Development Group is proud of its reputation for completing developments that serve the needs of the campus environment and the students that will call the community their home," said Charles Perry, president of Ambling University Development Group. "Due to the housing crunch created by the immense population of the city of Atlanta, the June 2007 deadline drove our efforts to provide 2,000 students with a place to live when school started this fall."
 
While the development team has experience with large student housing projects of 1,000 to 1,500 beds, University Commons presented a unique challenge with a total of 2,000 beds. In addition, the plan called for a centrally located 800-car parking garage and more than 20,000 square feet of retail space in the midst of a bustling, urban environment.
 
The project's architecture firm, Atlanta-based Niles Bolton Associates, turned to innovation to overcome the development's challenges, building the parking deck below ground and a green roof on top of the deck to create a courtyard in the middle of the complex. The green roof is just one of many environmentally-friendly elements incorporated into the complex, all of which meet Georgia State's requirements for sustainable, energy-efficient facilities.
 
In addition to its low-impact on the environment, the development affords the comforts of modern-day living.  Each unit includes furnished bedrooms, fully equipped kitchens and living area spaces, while every floor offers a community lounge space and laundry facility.  Students can enjoy wireless Internet access and multipurpose conference rooms in designated spaces throughout each building.
 
University Commons will serve other functions as well.  The property is the site of the Georgia State University Health Clinic, a U.S. mail distribution center and various retail food outlets.
 
 
ABOUT AMBLING UNIVERSITY DEVELOPMENT GROUP
Composed of experts in the fields of financing, construction and development of both on- and off-campus communities, the University Development Group is committed to helping universities succeed in their development goals and objectives. AUDG is an affiliate of Ambling Companies, Inc., a fully integrated organization providing high quality housing solutions for a variety of niche markets. Other Ambling Companies subsidiaries include: Ambling Development Partners, Ambling Management Company, Ambling Property Investments, Ambling Construction Company, and Ambling Land & Resort.