May
28

Blossom and Huger Land Sold for Student Housing

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CBRE|Columbia represented Park7 Group in the purchase of four acres of land located at Blossom and Huger Streets. The planned 237 unit, five story student housing project will house 640 students and will include an attached parking garage as well as swimming, fitness and other amenities.

The property has been owned by Arnold Family Real Estate since 1963 and has been under contract for student housing on multiple occasions. “Persistence and patience from the Buyer and Seller, combined with a creative tax incentive lead by the City of Columbia allowed this transaction to be completed,” stated Martin Moore, CCIM, SIOR, and Executive Vice President with CBRE|Columbia.

Construction is expected to begin this summer with a completion date in the Spring of 2016.

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