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Atlanta & Southeast  + Southeast  + Student Housing  |  September 25, 2020
David Cohen
By: David Cohen

Greystar to Develop $70M Student Housing Project at University of Alabama

Student housing developer and investor Greystar has acquired a nearly two-acre development site near the University of Alabama with plans to build a $70 million student housing project.

The community, Union on Frank, will be a 200-unit, 396-bed property located two blocks west of Bryant-Denny Stadium, where the University of Alabama football team plays. The site is located at 512-530 Frank Thomas Ave., 508-510 Frank Thomas Ave. and 515 Red Drew Ave. The existing buildings at the site will be demolished to allow for construction of the new community

Sean Baird and Jonathan Holt of Colliers International’s Student Housing Group and Carter Brehm, Austin Weathington and Will Mathews of Colliers International’s Multifamily Advisory Group represented Greystar in the transaction. The seller was not disclosed.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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