Green Street Realty has just completed the fundraising for its first Opportunity Zone deal. Our Campus Town Opportunity Fund was created to build new construction bring in investors that have capital gains to invest in Federally designated Opportunity Zones. The program is part of the Tax Cuts and Jobs Act of 2017. Our first Fund will include three new buildings starting construction this Summer at 32 E Green St (164 Beds), 103 E Healey (108 Beds) and 54 E John (65 Beds) in Champaign....
Green Street recently completed the acquisiton of 711 W Elm in Urbana. The property consists of 2 buildings and 84 bedrooms. We will start a $500,000 remodel of this property later this summer. This is an ideal fit to our portfolio of affordable student properties. Target rents post construction will be under $500 per bedroom.
Green Street Realty's construction team, Sub 4 Development, is wrapping up construction of a new retail building at 501 Commerce Dr in Savoy. Green Street Realty has fulled leased this new 5,000 sq foot building, with Industrial Donut opening in mid April and El Rancho Grande opening this summer.
Green Street Realty's development team, Sub 4 Development, will start construction on its third phase of their Carle at the Fields project. The 2.8 acre outlot located on the corner of Curtis Road and Fields South Drive will consist of 3 retail buildings. So far leases have been signed with Destihl Restaurant and Brewery and Hickory River Smokehouse. Construction will start this summer.
Green Street Realty's development team, Sub 4 Development, will start construction ths summer a 164 bed studeng housing project on the University of Illinois campus. The property located at 32 E Green St, Champaign and will have ground floor retail, tenant amenities and covered parking.The property will open in the summer of 2020.
Green Street Realty's development team, Sub 4 Development, will start construction ths summer of a 96 Unit, 108 bed student housing project on the University of Illinois campus. The property located at 103 E Healey will have covered parking, fitness room and a mix of Studio, 1 and 2 bedroom apartments.
Green Street Realty's construction team, Sub 4 Development, will start construction of two three story buildings located on West Side Park near downtown Champaign this summer. The buildings will feature 51 apartments, consisting of a mix of studio, 1 and 2 bedroom apartments. The properties are expected to open in summer of 2020.
Green Street Realty recently purchased Lincoln Park Towhomes on the campus of Illinois State Univeristy. The property consists of 39 units and 156 student housing beds. The property will undergo $750,000 of interior renovations. The new purchase increases our current portfolio at Illinois Sttate University to 1,054 beds on campus. This includes the 507 bed College Station Apartments a scattered site portfolio consisting of 11 buildings.
Green Street Realty recently purchased a 120 bed student housing property located at 502 E Springfield and 505 E Stoughton. The properties consist of 40 - 3 bedroom/2 bath properties that are ideally located on the University of Illinois campus. The property will undergo a $750,000 interior remodel of apartments.