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Student housing company taking advantage of sector’s growth
Austin Business Journal
by:Francisco Vara-Orta ABJ Staff
And unlike most of the real estate industry, construction is still under way. For example, Brian Dinerstein, a partner with Sterling University Housing in Houston that has done work in Austin, said his firm has four projects under construction and another 14 in the works. He said that occupancy rates at his company’s student housing properties remain 93 to 100 percent, despite the slumping economy. Rents in the student properties haven’t plummeted, so net operating incomes for those properties are significantly better than for the parent company’s conventional apartments, he said.
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A Soaring Housing Market: College Apartments
Forbes
Written by: Brad Berton, 02.23.10
There are also dozens of other developers around, many of them seemingly faring well and breaking ground on lots of new properties. Among the biggest of these private players is Houston-based Dinerstein Cos. Brian Dinerstein, who helps his father Jack run this company, says occupancy rates at his company's high-end student-housing properties remain in the mid- to high-90% range, despite the slumping economy. Rents in the student properties haven't plummeted, says Dinerstein, so net operating incomes for those properties "are significantly better than for our conventional apartments."
Story contiuned...Woodlands Set to Debut 'Green' Apartments
by: Beth Kuhles
The Woodlands hopes to debut one of the few 'green' apartment complexes in Texas in June.
Not only is Millennium Waterway Ave. pursuing the silver seal from the Leadership in Energy and Environmental Design, it also offers its residents a host of luxury features, including a clubhouse with a demonstration kitchen; a two-story, state-of-the-art fitness center; meeting rooms, a computer lab, an internet café with coffee bar, a resort style pool with an adjacent aqua lounge and its own dog park.
“The Millennium Waterway Ave. offers sophisticated, upscale urban design, green features and amenities as well as close proximity to shopping, dining and entertainment along The Waterway,” said Dan Leverett, vice president for commercial at The Woodlands Development Co. “Its centralized location in Town Center provides access to trolleys and water taxis as alternate modes of transportation within a very walkable environment. The scope of the project and its community amenities and planned events also encourage social interaction among friends and neighbors.”
Leasing Underway At The Millennium Waterway Ave Luxury Apartments
by thewoodlands.net
Residents will “live green” at First LEED Certified Silver
Multifamily Project in Houston
Leasing is now underway at The Millennium Waterway Ave, a new 393-unit luxury urban apartment community in The Waterway Square District of The Woodlands Town Center, according to John Caltagirone, principal of The Dinerstein Companies and Dan Leverett, vice president, commercial for The Woodlands Development Company. The apartments are being developed by a partnership of The Woodlands Development Company (TWDC) and The Dinerstein Companies of Houston.
The Millennium Waterway Ave is Houston’s first LEED Certified Silver multifamily property, and one of the first in the country. Many green features and amenities have been incorporated into the design such as an on-site renewable energy source through solar panels on the roof; preferred parking for low emitting and fuel efficient vehicles; water use reduction; optimized energy performance; reduced light pollution and improved indoor air quality.
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Construction starts on luxury student development
By Robert DeWitt Senior Writer
TUSCALOOSA | With sunshine and dry weather finally here, earth-moving equipment has been rumbling through what was once part of the Parkview neighborhood, preparing the way for Sterling Crimson Apartments.
The development, located between 15th and 18th streets west of 10th Avenue, is designed to be high-end apartments for college students. The 16-acre campus sprawls over parts of three city blocks.
The complex will include 300 units and 700 beds in five apartment buildings. A club house, a swimming pool, two half-court basketball courts and two sand volleyball courts are included.
All apartments will come furnished with a 42-inch plasma screen TV. Ground-floor apartments will be loft-style units, giving them an urban feel, said John Caltagirone, a principal in the development.
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The Millennium Green Living in the Heart of South Tampa
By: Brandon Swartz
The term "green" has been buzzing around South Tampa for quite some time now. Evan more so now that The Millennium has come into town. From award-winning Houston luxury apartments to its groundbreaking Charlotte and Tampa luxury apartments, The Millennium is upscale living redifined -- one that offers energy-saving dwellings that are enviromentally consciuos. "We have always liked Tampa. It's high quality of life, employment base and pro-buisiness enviroment have made Tampa a great place for our company to develop. Specific to Millennium West Shore, we love the proximity to jobs, recreation, retail and the airport. In other words we consider the area to be a true urban core," said property manager Kristin Slazas.
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