Core Spaces and Kayne Anderson launch new JV with Hub on Campus Blacksburg

Core Spaces and Kayne Anderson Real Estate have announcd a new joint venture partnership with the development of Hub on Campus Blacksburg student housing community.

The 500-unit, 1,530-bed development is planned near the Virginia Tech campus in Blacksburg, Va. It will be delivered in two phases, with the first scheduled for completion in fall 2021 and the second to be delivered in fall 2022.

The parties involved expect Hub on Campus Blacksburg to be Virginia Tech’s premier off-campus student housing option. It will feature best-in-class finishes, a distinct design, and an ideal location within walking distance of the campus and local nightlife. Community amenities will include a resort-style pool, fitness center, weight room, study lounges, walking paths and a 1,110-space parking garage.