Parallel has plans to develop a 298-unit, 802-bed purpose-built, mixed-use student housing development located in the highly desirable Northgate Campus neighborhood adjacent to the Texas A&M campus in College Station, Texas. The 18-story high-rise is scheduled for delivery in summer 2023.
Under the terms of a long-term ground lease, the project will be built on property owned by the University Lutheran Chapel (ULC) of College Station.
For the College Station project, Parallel partnered with a nationally recognized institutional student housing investor, and the project is being financed by BMO Harris Bank N.A. as administrative agent and Webster Bank N.A. as documentation agent.
Community amenities will be designed to fit the needs and lifestyle of its residents. Outdoor amenities include multiple rooftop spaces, including a pool, two hot tubs, an outdoor theater, poolside gym, a sand volleyball court, cabanas, outdoor kitchen areas, multiple fire pits, and
