Subtext Breaks Ground on “VERVE Knoxville” Student Housing Development Near University of Tennessee

Rendering of future VERVE Knoxville
 student housing development.
(Source: Dynamik Design, provided by Subtext) 

Knoxville, TN, June 18, 2024 – Subtext, a national student and multifamily real estate company, and Brinkmann Constructors, a national general contractor, hosted an official groundbreaking ceremony on June 17, 2024 for VERVE Knoxville, a 14-story student housing community adjacent to the University of Tennessee campus in Knoxville, TN.

 

 VERVE Knoxville is Subtext’s second project in Knoxville, following the delivery of TENN in 2018, and is expected to be completed in summer 2026.

 

Located at 1919 Lake Avenue, just one block away from the retail and dining district along Cumberland Avenue, VERVE Knoxville will offer 136 units with a mix of one- two-, three-, and four-bedroom layouts, offering a total of 498 beds.

Members of the development team for VERVE Knoxville,
a new student housing development
near the University of Tennessee
 pose at the official groundbreaking
ceremony held on June 17.

Each of the fully furnished apartments includes private bedroom(s) and bathroom(s), high-speed internet, washer and dryer, controlled access, and designer finishes.               

 

ELEVATED BUILDING & AMENITIES DESIGN

 

Featuring modern architecture by Dynamik Design, the 329,294-square-foot community consists of nine residential floors over a 5.5-level parking podium with 318 residential parking spaces. VERVE Knoxville boasts over 12,500 square feet of shared amenities, including a wellness suite with a sauna and meditation rooms, a state-of-the-art fitness center and yoga studio, study pods and open study lounges, a pool terrace overlooking Mount Castle Park, and a rooftop sky deck and sky lounge, which is unique to the market.

Brandt Stiles

“We’re hyper-focused on Power 4 Conference and R1 universities with strong market fundamentals and enrollment growth outpacing other top markets,” said Brandt Stiles, Founding Partner, Subtext. “These data points, combined with our experience in Knoxville, made this an ideal location for us. We’re excited to bring the VERVE brand to UT. VERVE is not just an exceptional building; it’s really a lifestyle designed for the unique needs and well-being of our residents.”

 

Brinkmann and Subtext have a long history of project collaboration that includes LOCAL Nashville, a 15-story multifamily community, which delivers in Fall 2024. VERVE Knoxville closed in May 2024 with construction financing from FNBO.

 

Brian D. Satterthwaite

“We’re thrilled to partner with Subtext to bring another student housing property that supports students’ physical and emotional well-being to the University of Tennessee, Knoxville community,” said Brian D. Satterthwaite, CEO of Brinkmann Constructors. “We value our partnership with Subtext — together we have been able to create some really special communities in desirable locations while simultaneously providing real solutions for student housing demand.”

 

 

 

CONTACT:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

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 of Real Estate Editors (NAREE)

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