Parallel, in partnership with Kayne Anderson Real Estate, has closed on a construction loan and commenced construction of a student housing development at 250 Church Avenue in the heart of College Station’s Northgate district. BMO Bank has provided construction financing.

The new development marks the third community that Parallel will deliver to serve Texas A&M University.

Rising 23 stories above Northgate, the property will comprise 148 units across a mix of studio, 1-, 2-, 3-, 4-, and 5-bedroom floor plans, including townhome-style residences, offering a total of 500 beds. The development broke ground recently and will be completed in the summer of 2027.

The project’s development team includes Rhode Partners, A Royal Interiors, Mitchell & Morgan, RLG Consulting Engineers, and Roger’s O’Brien serving as the General Contractor. Design Build partners include Power Design Inc. and Kilgore Mechanical.