Lafayette, IN (June 1, 2013) – Trinitas, a premier developer, owner and manager of high quality commercial real estate, recently broke ground on an upscale student housing project located in Chapel Hill, North Carolina. LUX at Central Park, a 194-unit, 608-bed property will feature a mix of one, two, three and four bedroom apartments within walking distance to the University of North Carolina at Chapel Hill. It will be built to support Chapel Hill’s green initiative via an energy efficient building design, low impact lighting and energy efficient appliances in each unit.
The midrise luxury complex, anticipated to open in August 2014, will boast upscale amenities including a resort-style pool, outdoor fire pit and seating area, multipurpose sports court and a sand volleyball court. Student residents will have access to a 6,500 square-foot, all-inclusive club house which will feature a twenty-four hour fitness area, free tanning beds, gaming area and a study lounge equipped with Macs and PCs. Nestled in a quiet grove surrounded by trees and walking trails, the property’s close proximity to campus will allow students convenient access to popular Franklin Street shopping and dining destinations while also providing a retreat to study and interact with friends.
“We’re excited to add this exceptional, eco-friendly student housing community to our portfolio,” said Loren King, Chief Executive Officer of Trinitas. “LUX at Central Park gives us the opportunity to support the city of Chapel Hill’s goal of reducing carbon emissions by 60% in the year 2050 while also giving UNC students the opportunity to experience Trinitas student living, known for its top notch service and best-in-class amenities.”
Trinitas is a fully integrated student housing company that finances, develops, constructs and manages high quality student housing communities at major universities throughout the United States. Trinitas currently owns and manages over $400 million in student housing assets consisting of more than 5,600 student housing beds. Trinitas has financed more than $80 million in student housing through Q4 2013, is currently developing over $100 million in student housing assets consisting of over 1,200 beds for Fall 2014 completion. The privately held real estate development company is headquartered in Lafayette, Indiana. Learn more about Trinitas at www.trinitas-ventures.com.