BAI Capital and Adam America Real Estate have entered a strategic partnership to develop a major student housing project at Archer Place near the University of Florida, with an estimated cost of $100 million and plans for completion by summer 2027.

Information on the Target

BAI Capital and Adam America Real Estate have formed a strategic partnership to develop a significant building within Archer Place, a master-planned community situated at the south end of the University of Florida campus in Gainesville. This community is designed to feature a mix of student housing, condominiums, and retail spaces. The partnership aims to construct a total of 504 student bedrooms complemented by retail space and a parking structure, all expected to enhance the amenities available for residents and visitors.

The anticipated construction cost of the project is approximately $100 million, with plans for completion by the summer of 2027. Archer Place, covering a total buildable area of over 600,000 square feet, includes various offerings such as 559 beds of Class A student housing across two buildings, luxury for-sale condominiums, over 15,000 square feet of retail space, and a 304-space structured parking garage.

Industry Overview in the Target's Specific Country

The student housing market in the United States, particularly in university towns like Gainesville, has been experiencing significant growth. With over 69,000 students enrolled at the University of Florida, the deman