Construction is underway on two luxury student housing communities offering resort-style living. Mallory & Evans Development is building these additions to its Bellamy brand with a combined value of $56 million:
* Bellamy Coastal, a $32 million 480-bed community adjacent to Coastal Carolina University in Conway, South Carolina
* Bellamy Florence, a $24 million 420-bed community near the University of North Alabama in Florence, Alabama
Caliber Living, a subsidiary of Mallory & Evans, will lease and manage both communities.
“We’ve been building private student housing since 2006, and every community improves on the previous ones,” said Mallory & Evans Principal Brantley Basinger. “These new Bellamy communities will offer private off-campus student living as never experienced in these markets.”
Both gated communities will have fully-furnished apartments with private bedrooms and baths, 60” flatscreen TVs, study areas, community-wide WiFi and onsite management and maintenance. Luxury amenities include a pool, sundeck, 24-hour fitness center, covered outdoor patios with TVs, washer/dryers, tanning beds, a clubhouse, fire pits and grills. They also offer access to greenspace and trails.
The latest smart-home technology includes security systems, locks and thermostats that can be accessed through mobile apps. Amazon Alexa, the voice-activated Internet access, will let residents place orders online, and get important information from management quickly.
Bellamy Coastal is right next to the CCU campus, while Bellamy Florence will connect to the University of North Alabama student transportation system. Parking will include one space per resident, plus visitors spaces. The communities will also have sidewalks and bicycle storage.
Initial construction started in August. A formal groundbreaking for Bellamy Florence is set for Sept. 20. Completion is expected before fall semester of next year. For information about rents, leasing, etc., visit the Bellamy Coastal at www.BellamyCoastal.com and Bellamy Florence at www.Bellamy Florence.com and sign up.
About Mallory & Evans Development
Mallory & Evans Development specializes in the development, acquisition and management of luxury student housing communities across the South. Based near Atlanta, Georgia, the firm develops and manages durable, high-quality, purpose-built student housing to the exacting standard of creating places we would want our own children to live. The owner/operator/developer’s vertically-integrated platform includes design, financing, and acquisition services under one roof. Property management firm Caliber Living is responsible for leasing and managing the Bellamy student housing brand. Both are subsidiaries of The Mallory & Evans Companies, a privately-held firm that has worked on some of Atlanta’s largest projects since 1956. For more information, visit http://www.me-dev.com.