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| Teddy Leatherman |
DALLAS, TX – JLL Capital Markets announced it has arranged $23.335 million in joint venture equity for the development of Dockside Clemson, a to-be-built, lakefront 630-bed student housing community serving Clemson University in Clemson, South Carolina.
JLL worked on behalf of Fountain Residential Partners to
secure the equity through CrowdStreet, Inc.
Jeremy Sain
Anticipated to deliver in fall of 2022, Dockside Clemson will offer 200 student housing units in four-story residential structures alongside 22,164 square feet of ground floor retail.
Units will be available in
studio, one-, two-, three- and four-bedroom layouts averaging 1,206 square feet
each.
Dockside will offer an upscale
living experience with fully furnished units, each offering a private bathroom
per bedroom, high speed internet, walk in closets and 55” HD flatscreen tv’s in
the living areas.
Additionally, the retail space will boast two signature
restaurants. Community amenities will include a fitness center, pool, parking,
tech lounge, dock access and live music along the lake front.
Dockside
Clemson sits on approximately 460 feet of waterfront on Lake Hartwell and is
the only student housing community with waterfront access in Clemson.
 |
| Scott Clifton |
Situated less than one mile north of Clemson Tiger’s famous “Death Valley” football stadium, the property exceptional visibility along Tiger Boulevard and Highway 123 and offers direct access to the CATbus Seneca Express Line with service to campus and the surrounding communities.
Stuart
Roosth Architects designed the property, with LRK providing planning services.
Kimley-Horn is the civil engineer, with Sherman Construction as the general
contractor.
The
JLL Capital Markets team representing Fountain Residential Partners was led by
Managing Director Jeremy Sain and Directors Teddy Leatherman, Scott
Clifton, Stewart Hayes and John Gavigan.
JLL Capital Markets is a full-service
global provider of capital solutions for real estate investors and occupiers.
 |
| Stewart Hayes |
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization.
The
firm has more than 3,700 Capital Markets specialists worldwide with offices in
nearly 50 countries.
For more news, videos and research
resources on JLL, please visit our newsroom.
About Fountain Residential Partners, LLC
Fountain Residential Partners, LLC is a
privately held Dallas-based multifamily real estate development, acquisition,
and asset management company.
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| John Gavigan |
Fountain Residential is managed by seasoned real estate professionals that have a combined experience of over 60 years in the industry having completed over $1.5B in student housing projects.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities.
JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020.
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| Dockside Clemson, a planned lakefront 630-bed student housing community serving Clemson University in Clemson, SC |
JLL is the brand name, and a registered trademark, of Jones Lang
LaSalle Incorporated. For further information, visit jll.com.
CONTACT:
Email: Kristen.Murphy@am.jll.com
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