Harrison Street and Core Spaces to construct PBSA facility near U of A

Harrison Street and Core Spaces, a residential real estate developer, owner and operator, have acquired land in Tucson, Ariz., for the construction of Hub Tucson V, a 161-unit, 648-bed purpose-built student accommodation facility located adjacent to the University of Arizona (U of A).

Upon completion, the property will offer a top-of-market amenity package, including a luxury rooftop pool deck, hot tub, courtyard with grilling stations, business center, fitness center, study rooms and parking.

Harrison Street has deployed more than $20 billion in gross costs across 400 properties, totaling more than 216,000 beds throughout North America and Europe.

“Demand for purpose-built student housing continues to see significant tailwinds, driven by unwavering student interest in the university experience, and we see tremendous potential in meeting growing demand for campus-adjacent assets with this transaction,” said Justin Gronlie, a managing director and head of Nor