Saturday, June 30, 2012

Chance Partners and The Carlyle Group Break Ground on Mixed-Use Development at Florida State University

TALLAHASSEE, FL  /PRNewswire/ -- Chance Partners, LLC and The Carlyle Group today held a groundbreaking ceremony in conjunction with the Community Redevelopment Agency of the City of Tallahassee for Catalyst, a mixed-use development near Florida State University (top left photo).

 The project will include approximately 3,500 square feet of ground floor retail and a 130-unit student housing project that is scheduled for initial occupancy for the Fall 2013 semester. This is the first joint-venture between the two companies.

Catalyst will feature 402 beds with a mix of unit types from 1 bedroom up to 4 bedroom units.  Each unit type will offer private bathrooms for every bedroom; gourmet kitchens, expansive living areas; hardwood-style flooring; ample closet space and full-size washers and dryers.

 This student housing community will have a full suite of premium amenities including a large clubhouse, pool, roofdeck, multiple study lounges and a fitness center

The two firms formed their partnership out of their shared vision for the student-housing sector, according to Judd Bobilin (middle right photo) of Chance Partners. "Students in Tallahassee will be the first to experience a truly walkable, world-class community that will be noted for its creativity, quality and impact on the revitalization of the Southgate District," Bobilin added.  
Community & Southern Bank is providing the construction financing and Hathaway Construction is the project general contractor for the project.  Catalyst will be managed by Asset Campus Housing, Inc. and more information can be found at.

For a complete copy of the company’s news release, please contact:

Christopher Kritzman,
 Liz Gill, Elizabeth.

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