MUNCIE, IND.—Campus Crest Communities Inc. is constructing on-campus developments at Ball State University in Muncie, Ind. and The University of Oklahoma in Norman, Okla. Expected to be delivered for the 2013/2014 academic year, the two projects have a combined estimated project costs of $50.7 million.
Both developments will include attractive furnishings, a swimming poo, game room, fitness center and library.
The Grove at Muncie, Inc. will include 216 units and 584 beds and be situated approximately 0.1 miles from the Ball State University campus. The project will be the first student housing option in the market that provides lifestyle-focused management and resort-style amenities.
The Grove at Norman, Okla. will include 224 units and 600 beds and be situated approximately 0.6 miles from the University of Oklahoma campus.
Campus Crest Communities develops, builds, owns and manages student-housing properties located close to college campuses in targeted U.S. markets. The company owns interests in 33 operating student housing properties containing approximately 6,324 apartment units and 17,064 beds.