Atlanta & Southeast + Southeast + Student Housing | September 15, 2023

Financial Close Reached on Huntsville Student Housing Project

Capstone Development Partners and Boaz Ventures reached financial close for a $60-million, purpose-built student housing community located adjacent to the University of Alabama Huntsville (UAH) campus along Holmes Avenue. To be called Nexus on Holmes, the 249-unit community will be located at 4315 Holmes Ave. NW in Huntsville, next to the UAH Campus Recreation Center.

Jeff Jones, principal of Capstone Development Partners said, “As an Alabama-based national leader in the development and management of university-oriented housing, Capstone is thrilled to commence construction on this purpose-built housing community to help meet the needs of UAH students, staff and others in Huntsville seeking well-located and attainably-priced housing. We look forward to pre-leasing this community in anticipation of its opening in summer 2025.”

A ceremonial groundbreaking ceremony on the project is scheduled for Oct. 10.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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