Phase I: August 2021 – Summer 2023
Owner: Peak Campus Communities
General Contractor: FaverGray
Architect: Dwell Design Studio
FaverGray, an industry leader in building student housing communities, is proud to announce construction has commenced on the Seminary Lane project located near the University of Florida.
The Seminary Lane project is a 298-unit, 862-bed student housing community situated on approximately six acres in Gainesville, Florida. The community is located in the 5th Avenue/Pleasant Avenue District.
This is FaverGray’s first project with Peak Campus Communities, a fully integrated student housing real estate company providing best-in-class property management, development, and consulting services. It’s also FaverGray’s initial project with Dwell Design Studio.
The development will consist of 432,704 square feet of four new apartment buildings, varying from three to five stories, and two parking garages.
Rooftop amenities will include a resort-style swimming pool, fitness center, Jumbotron, and courtyard spaces.
FaverGray is on schedule to deliver the first phase of the project in the summer of 2023.
American Campus Communities (ACC) has worked with FaverGray for over 10 years completing 12 projects across 5 states, including 6.8 million square feet, 4,425 units, and 17,000 beds. Each project built by the ACC/FaverGray partnership has been completed on time and within budget. FaverGray has demonstrated a high level of success related to pricing, subcontractor/supplier relationships, and customer service. Projects completed between our partnership range from townhomes, 3-story walk-up, podium, and infill 5-story type IIIa with a wrapped parking structure. All endeavors completed with FaverGray have been on a design-assist basis with a GMP contract structure, with FaverGray being an integral part of the development team from concept design through completion and turnover. The ownership and management team at FaverGray have operated with integrity, professionalism, and dedication in delivering successful projects. I would recommend FaverGray as one of the most established general contractors in the student housing industry.
The FaverGray team is a trusted partner with American Campus Communities. They bring great value as an active participant during initial design and predevelopment activities through pricing, and in the field during construction. Jim and Keith have assembled a core team of leaders with impressive depth and experience, and they demonstrate their commitment to service and integrity every day at every level. We look forward to a long and productive relationship with FaverGray.
As the Director of Construction for 908 Group, I am responsible for overseeing our multi-family construction projects throughout the United States. The Nine a lumbia Apartments are a wood framed, 5-story, 486 bed, off-campus student housing community located blocks from the University of South Carolina in Columbia, South Carolina. We selected FaverGray as our construction manager for this project based on their qualifications and tremendous industry track record with delivering student housing. The Nine, which includes six multi-unit townhome buildings, a wood frame apartment wrapped precast garage, a swimming pool, retaining walls, and surface parking is still being completed on a sloped site with complex site logistics bordered by one of the busiest streets in town. Despite numerous straight days of rain at the onset of the project, the on-site staff and FaverGray Leadership teams collaborated well with their subcontractors and building officials and are working to complete the project both on time and within budget for some very excited students starting the Fall 2021 semester in their new homes.
Coursey Architects has been successfully producing multi-family projects for 50 years. We have worked alongside FaverGray for many years on many projects. We find them to be efficient, thorough and highly professional. Parkside at the Beach is one of our favorite projects we designed, and FaverGray built; luxurious design, built solid, and was sold for a large profit after a year of successful occupancy. We are pleased to work with them and will continue to refer them on projects we are producing.
Easlan Capital of Atlanta and its affiliate Parkside Equities have been developing mixed-use and multifamily properties throughout the southeast since 1982. It is with great pleasure that we have been successful in awarding the last three projects, consisting of 810 units to FaverGray. All three were completed on time and within budget. Parkside at the Beach was actually ahead of schedule and after a record lease-up, the property was sold within 36 months of construction start. I would therefore highly recommend them…as we look forward to a continuance of our relationship in the future.
The FaverGray team functions as an extension of our staff and provides front end services of great value. They are virtually a completely integrated partner from beginning to end.
The field team has deep experience and dedicated leadership. FaverGray was the selected general contractor on a recent student housing bid project designed by our firm, Coursey Architects, in Gainesville, FL; the project delivery date was met for the fall of 2019, (to the Owner’s satisfaction and the new tenants’ great enjoyment), as was required by the Owner, due to the diligence of the FaverGray team from top to bottom. The field team had deep experience and dedicated leadership and was well supported by the project management team, back-office, and company leadership team across the board. This was a complex 3-building project, on 3 separate sites in the city, so it was really like managing 3 projects at once; each site had its own challenges and opportunities, and FaverGray managed these all very well.