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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.
- ◦Development