Over 1,300 new student housing beds are being built within walking distance of Clemson University in Clemson, South Carolina, along the city’s Keowee Trail, according to a press release shared with Multifamily Dive.
Hub Clemson, developed by Chicago-based student housing firm Core Spaces and Los Angeles-based investment manager Kayne Anderson Real Estate, will include 394 units ranging from studios to five-bedroom apartments. The property started construction on July 1 and is expected to be completed by summer 2027, ahead of the next school year.
The 821,000-square-foot building, designed by Chicago-based Northworks Architects, will stand seven stories tall and combine a brick facade and rounded windows on the lower levels with black-and-white paneling on the higher levels. Core Spaces is both the owner and operator, and will manage the property once it is complete.
“Hub Clemson is a continuation of our investing thesis to deliver best-in-class housing options in Tier 1 markets,” said Brendan Miller, chief student housing investment officer at Core Spaces, in the release.
Over 20,000 square feet of amenities will include a rooftop pool with views of nearby Lake Hartwell, as well as outdoor dining areas, a fitness center and spa, a coffee shop, entertainment spaces and pathways connecting to the Keowee Trail.
Hub Clemson will be located directly adjacent to the city’s Larry W. Abernathy Waterfront Park, a free destination with walking trails, pavilions and picnic areas, according to the city of Clemson. As part of the development project, Core Spaces will contribute to the expansion and renovation of Abernathy Park.
“We’re helping Abernathy Park take better advantage of the natural beauty of Lake Hartwell by more than doubling the amount of active parkland area for the community along the shoreline,” added Joe Gatto, senior managing director of acquisitions and investments at Core Spaces, in the release.
Hub Clemson will be the third student housing project operated by Core Spaces near Clemson University once it is complete. The company also owns and manages the 640-bed Clemson Lofts and The Pier, a 914-bed property.
Kayne Anderson Real Estate also recently purchased The Earle, a 706-bed student property near Clemson University, operated by Philadelphia-based Campus Apartments. The investor paid one of the highest prices recorded on a per-unit basis for a student housing property in South Carolina in the last five years for the site, according to CoStar.
