Fairlawn, together with Chicago-based Promus Realty Properties, announced a joint venture to deliver Mosaic, a 283-unit and 371-bed student housing community adjacent to the University of Illinois Urbana-Champaign’s (UIUC) Engineering Campus.

Located at 401 S. Wright Street, site demolition is complete, and construction is now underway. Mosaic will feature elevated amenities including a sky lounge, outdoor terrace, fitness center, collaboration and study areas, and a landscaped courtyard. The community will be professionally managed by Smile Student Living, Fairlawn’s student housing affiliate.

Fairlawn has engaged Mode 3 Architecture and Wells and Wells Construction for the design and construction of Mosaic. Construction financing for Mosaic is provided by Wintrust Commercial Real Estate and Associated Bank.

“Mosaic builds on Fairlawn’s extensive development track record at the University of Illinois, which is not only one of the premier public universities in the country but home to one of the nation’s top engineering programs,” said Jason Barickman, Chief Investment Officer, Fairlawn.

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