Core Spaces launches Hub Athens Dougherty PBSA project. 29 July 2026 Tl;dr. * - Core Spaces has officially broken ground on the Hub Athens Dougherty, a purpose-built student accommodation (PBSA) scheme near the University of Georgia. * - With 1,656 student beds across 536 units, the development aims to enhance community infrastructure and support local initiatives. Core Spaces, a prominent real estate developer, operator, and manager, has announced the commencement of construction on the Hub Athens Dougherty purpose-built student accommodation (PBSA) project, strategically located near the University of Georgia. This significant undertaking is anticipated to be completed by 2028, adding vital housing to the region. The project overview. Hub Athens Dougherty will encompass 536 units, amounting to a total of 1,656 student beds within a mid-rise structure. The development will offer a diverse array of floor plans, catering to various student preferences, including studios and five-bedroom apartments. This careful planning aims to provide both premium living spaces and more accessible options, ensuring a broad spectrum of choices for students. Amenities and features. Designed to foster a sense of community, the project will feature over 27,000 square feet of interior amenities alongside 20,000 square feet of exterior space. Notable amenities include: * Study lounges and group study rooms * Fitness and wellness areas * A resort-style rooftop pool * Common areas aimed at encouraging social interaction This plethora of facilities highlights Core Spaces' commitment to enhancing the student living experience. Public-Private partnership benefits. The Hub Athens Dougherty is a result of a collaborative effort with Athens-Clarke County, showcasing an innovative public-private partnership that not only addresses housing needs but also brings various community benefits. Joe Gatto, Senior Managing Director of Acquisitions at Core Spaces, emphasised the significance of this partnership, stating, "This investment provides infrastructure for this community to thrive for years to come." As part of the developmental agreement, Core Spaces is working alongside Athens-Clarke County on several public-benefit initiatives, including a 400-stall public parking facility for downtown Athens, 16,000 square feet of new retail space, and 5,000 square feet of community-targeted retail aimed at affordability. Community and historical enhancements. Further enhancements include improved water and sewer infrastructure to facilitate additional affordable housing developments, along with upgraded streetscapes to support the Jackson Street Art Walk. The project also focuses on preserving and revitalising historical landmarks such as the Foundry building and the Hoyt House, alongside the creation of a new public plaza. Partnerships and project team. The successful realisation of this milestone is attributed to extensive collaboration among Core Spaces, Mallory & Evans, and the broader project team. Jake Strickland, Executive Vice President of Mallory & Evans Development, expressed pride in the partnership, noting, "We are proud of the partnership that has been built and of what the entire team has accomplished in bringing Hub Athens Dougherty to construction." The project's key development and design partners include Mallory & Evans, JNS Realty, Northworks Architects, Studio BNA, and Harken Interiors. Construction is being carried out by a joint venture between Core Spaces and Atlanta-based Juneau Construction Company, marking their twelfth collaborative project. Financing has been secured from Affinius Capital, arranged by TSB Capital Partners.

Core Spaces breaks ground on 1,656-bed development near University of Georgia. July 27, 2026 Athens, Ga. - Core Spaces has broken ground on Hub Athens Dougherty, a 1,656-bed student housing development located near the University of Georgia campus in Athens. The community will offer 536 units in studio through five-bedroom configurations. Shared amenities will include study lounges, group study rooms, fitness and wellness areas and a resort-style rooftop pool. Core Spaces is partnering with Athens-Clarke County on several public benefit initiatives as part of the development, including a 400-space public parking deck; 16,000 square feet of retail space; the addition of water/sewer infrastructure that will facilitate new affordable housing development; enhanced streetscapes; the preservation and revitalization of the existing historic Foundry building; the relocation and reconstruction of the historic Hoyt House; and the addition of a new public plaza. The development team for the project - which is scheduled for completion in 2028 - includes Mallory & Evans, JNS Realty, Northworks Architects, Studio BNA and Harken Interiors. Construction is being led by a joint venture between Core Spaces and Juneau Construction Co. Financing was provided by Affinius Capital and arranged by TSB Capital Partners.

Core Spaces enters Missouri with 972-bed student housing acquisition. The community last traded for $73 million in 2024. Core Spaces has acquired The Collective at Columbia, a 972-bed student housing community serving the University of Missouri in Columbia, Mo. The company purchased the asset from The Preiss Co. and a real estate fund advised by Crow Holdings Capital. This is Core Spaces' first acquisition in Missouri. A sale price was not disclosed. Preiss previously purchased the 318-unit development from Aspen Square Management in 2024 for $73 million, Yardi Matrix shows. Residences at the community include two- to four-bedroom townhomes equipped with in-unit laundry, as well as patios and balconies available in select units. The Collective, located at 3600 Aspen Heights Parkway in Columbia, was completed in 2013, according to Yardi Matrix. For the past three fall semesters, The Collective at Columbia has been 100 percent preleased, the same source shows. The current average asking rent is $780 per bedroom. Shared amenities at The Collective include a swimming pool, a clubhouse, a fitness center with a yoga room, study lounges and sports courts. The community also offers a private shuttle service to bring students to the university. According to the property's website, there are pet services such as a dog park and washing station available. The University of Missouri is 2.5 miles away. Also nearby are Walmart Supercenter, Frank G. Nifong Memorial Park and the Columbia Mall. For the past three fall semesters, The Collective at Columbia has been 100 percent preleased, according to Yardi Matrix. The same source shows the current average asking rent is $780 per bedroom. The University of Missouri is ahead of the preleasing cycle for the 2026-2027 academic year, according to the February 2026 national student housing report from Yardi Matrix. The report found that the school is 84.1 percent preleased, second only to Virginia Tech, which is 88.2 percent preleased. At the end of February, Aspen Square Management completed a similar student housing transaction with the sale of The Row Apartments in Columbia, a 328-unit student housing development also for students at the university. Monument Square Investment Group acquired the asset, which spans almost 10 acres. Core Spaces' current construction pipeline. One of the largest student housing developers in the nation, Core Spaces owns and manages more than 61,000 beds. Its construction pipeline consists of more than 50,000 beds in various stages of development across multiple markets. In July 2025, the company, in a joint venture with Kayne Anderson Real Estate, broke ground on Hub Clemson, a 1,303-bed development serving Clemson University in South Carolina. The project is slated for completion in June 2027. A month later, the company unveiled plans for ōLiv Columbia a 720-bed, 2,350-unit mixed-use student housing development in Columbia, S.C,. The project will include 720 market-rate Construction began in January. Core Spaces is also in a joint venture with Harrison Street for development of Hub Tampa Fowler, a 1,195-bed project taking shape in Tampa, Fla. The community will house students at University of South Florida when it is completed in 2027. Most recent. March 4, 2026