August 11, 2019

The FaverGray Company, one of the nation’s largest construction managers and general contractors of multifamily and student housing, starts over 5,300,000 square feet on five new projects in 2019 with a combined value of $800 million.

The first project is a 3.83 million square foot student housing community near Orlando, Florida, for American Campus Communities (ACC), the largest owner, manager and developer of student housing in the U.S., with total cost of $630 million. The facility includes two community centers totaling excess of 53,000 square feet. Each community center will serve as a hub for resident recreation and feature amenities including resort-style swimming pools, event and recreational laws, fitness centers and social lounges. FaverGray is scheduled to complete the entire project in May 2023.

The second project, West Vue, is a 553,532 square foot, $58 million, 442-unit multifamily community in Orlando, Florida, for RISE: A Real Estate Company, a leader in the development, brokerage and management of multifamily and student housing properties. The facility consists of five, 4-story buildings, a 12,000 square foot amenity center with 2 pools and is scheduled to be complete in May of 2021.

The third project, Union on Fletcher, is a 313,292, square foot, $48 million, 660-bed student housing facility in Tampa, Florida, for Greystar, the 2nd largest institutional owner and manager of student housing in the U.S. The project consists of two 5-story buildings over 1-story podiums, high-end courtyards with pools, an 8,000 square foot amenity center, a 519-car parking deck and is scheduled to be complete by the summer of 2020.

The fourth project, Forest View Village, is a 377,000 square foot, $37, million, 283-unit multifamily community in Walton County, Florida, for Cypressbrook Co., a leader in the development, brokerage and management of multifamily real estate properties. The facility consists on nine, 3 & 4-story buildings and is scheduled to be complete in August of 2020.

The fifth project, Parkside at Estero, is a 246,624 square foot, $27 million, 198-unit multifamily community in Estero, Florida, for ECI, a leader in the development and management of commercial and multifamily properties in the SE U.S. The facility consists of four, 3-story buildings and features detached garages, a 5,000 square foot clubhouse and is scheduled to be complete in May of 2020.