January 27, 2015
From the Louisville Business First
If you drive Interstate 65 regularly near the Kentucky Exposition Center, you likely have noticed the large housing development rising above the highway off Crittenden Drive near Eastern Parkway.
The site is the future home of The Clubhouse Student Apartments, a 271-apartment complex targeting University of Louisville students that will have 758 beds, said Kate Grasso, vice president of sales and leasing for Atlanta-based Peak Campus Companies, which manages the property.
The company manages student housing at several major universities, including the University of Minnesota, Texas A&M University, Florida State University and the University of Arizona.
The roughly $60 million development near U of L's campus should be finished by August, Grasso said.
Birmingham, Ala.-based Doster Construction Co. is the general contractor, and Buck Development Louisville LLC, an affiliate of The John Buck Co. of Chicago, is the developer, according to a news release from Doster. Henneman Engineering Inc. of Illinois was the architect on the project.
The complex is located at 2330 Crittenden Drive, on land that was purchased by the developer in November 2013 for $1.26 million from JLP Investments LLC of Louisville, according to the Jefferson County Property Valuation Administrator's office.
Grasso told Business First that Peak Campus Companies manages other student housing developments in Kentucky: The Lex at the University of Kentucky and College Suites at Western Kentucky University.
The Clubhouse will offer U of L students one-, two-, three- and four-bedroom apartments, and each bedroom will have a private bathroom. Grasso said the rental price ranges from $660 to $920 a month per bed, but a discounted rate is available now for $599 during pre-leasing. Rent includes complimentary wireless internet, cable television, and water and sewer utilities.
The parking garage, which is now standing, has 636 parking spaces, she added.
The Clubhouse Student Apartments does not currently have an affiliation agreement with U of L, but Grasso said Peak Campus Companies will pursue one. Mark Hebert, director of media relations for U of L, has said the university typically pursues those agreements with new student housing developments.
Grasso said amenities of the complex will include a 24-hour clubhouse, game room, study lounges, computer lab, movie theater, fitness center, swimming pool, outdoor fire pit and grills and hammock lounge. She said the apartments also have washers and dryers.
Plus, she said in an email, "the location of the community is extremely convenient and appealing amongst the students."
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