Construction continues at new student housing community at Auburn University

320 West Mag
320 West Mag
ATLANTA - Nov. 2, 2020 - PRLog -- Holder Properties, a full-service student housing and commercial real estate developer, announced that construction is ahead of schedule at 320 West Mag, a six-story mixed-use student living community adjacent to the campus of Auburn University.

320 West Mag is situated on 3.59 acres and is adjacent to Auburn University. The property is located on West Magnolia Avenue and has 719 beds and 201 apartment units. The property features studio, two, three, four, and five-bedroom apartments located directly across from Auburn University's colleges of business and engineering. Each apartment is fully furnished and offers students private bedrooms and bathrooms. The units include a smart TV and a full-size washer and dryer. The building also features modern finishes, stainless-steel appliances, and private balconies. 320 West Mag offers fiber-optic connectivity and will have the fastest Wi-Fi in Auburn.

The property features 13,500 square feet of amenities including an elevated pool overlooking campus, three courtyards, and a sun terrace featuring spectacular views of campus and Jordan-Hare Stadium. The community includes a multi-level fitness center with a dedicated weight room, a six-level secured parking deck, a state-of-the-art clubroom with a gaming lounge, multiple private and group study rooms, a bike storage area, and 24-hour package delivery lockers.

The development is walking distance from downtown Auburn and includes 11,500 square feet of retail space. The retail component of the property will have an outdoor dining space and will be anchored by Chick-fil-A. Ross House Coffee, a locally owned coffee shop and roastery, will be located in the building as well. Additional retailers will be announced soon.

"320 West Mag is located right across from Ginn Concourse and will offer a unique living experience for students at Auburn University," said John Holder, Chairman and CEO of Holder Properties.

Holder Properties is leading the development, leasing, and property management of 320 West Mag. Construction will be finished in the spring of 2021 to open for occupancy next fall semester. The project was designed by Niles Bolton & Associates and is being constructed by Juneau Construction Company. Leasing is available online and at the leasing office in downtown Auburn.

Holder Properties is a privately held full-service commercial and student housing real estate development and investment company, founded in 1980. Holder Properties has extensive experience in acquisitions, financing, project development, leasing, property management, and capital markets. Since inception, Holder Properties has developed over 100 projects across 17 states with development costs in excess of $2.0BN. The Company's portfolio contains a diverse range of property types including single and multi-tenant office buildings, upscale student housing, corporate headquarters, data centers, call centers, and other special use facilities nationwide.

Margaret Graves
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Tags:Student Housing
Industry:Real Estate
Location:Atlanta - Georgia - United States
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Page Updated Last on: Nov 02, 2020
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