THE LATEST & GREATEST IN

DESIGN WHATS HOT AND

WHATS NOT

Wednesday, October 2, 2013
9AM

Moderator:
Greg Faulkner | PRESIDENT
Humphreys & Partners Architects, L.P.

Speakers:
Brian Dinerstein | PARTNER
The Dinerstein Companies

Wes Rogers | PRESIDENT & CEO
Landmark Properties

Michael Apt I DEVELOPMENT DIRECTOR
Gilbane Development Company

HOW IS DESIGN CHANGING TO
MEET STUDENTS NEEDS/WANTS?


Unit Design
Extreme Amenities
Product Types (Walkable to campus vs.
shuttle bus)
Security (Parents!)
Hotel Services / Resort Amenities
Green / Sustainable
Social / Gathering Areas
Mixed Use (Grocery, Restaurants, Bars,
Yogurt)


DEVELOPMENT
How was your 2013 lease up?
What markets are you working in?
Whats in your pipeline for 2014 and beyond?



5-story over podium
610 beds
199 beds per acre
1 - 5 bedroom units
478 1730 sq. ft. units
Retail space below
THE STANDARD AT ATHENS
Athens, Georgia
Developer: Landmark Properties
RETREAT AT CORVALLIS
Corvallis, Oregon
Developer: Landmark Properties
Student cottage, townhouse and garden apartment
community pedestrian to Oregon State University
330 units/1016 beds
564 2199 sq ft units
17,570 sq. ft. 2-story clubhouse
552 beds / 158 units
2 & 4 bedroom units
816 1,447 sq ft units
57.14 units per acre
Resort style pool, multiple courtyards with fire pits,
pet parks, 24-hour fitness room, coffee house, flat
screen TVs, game rooms, study rooms
THE DEN - UNIVERSITY OF MISSOURI
Columbia, Missouri
Developer: Gilbane Development
WEST MARSHALL STREET
Richmond, Virginia
Developer: Gilbane Development
406 beds
LEED certified
Clubhouse with pool, fire pit, tanning booth, yoga
studio, rooftop terrace, flat screen TVs, fully furnished
Clubhouse in renovated historic structure from 1900
5-story student apartments
664 beds / 246 units
119 beds per acre
1 , 2, 4 & 5 bedroom units
1.03 parking spaces per bed
LSU III BATON ROUGE
Baton Rouge, California
Developer: Dinerstein Companies
STERLING FRISCO
Fayetteville, Arkansas
Developer: Dinerstein Companies
4/5 story with partial basement
176 units / 585 beds
59 beds per acre
1, 2, 3 & 4 bedroom units
Surface parking
1 ,2 & 4 bedroom units
70 units / 210 beds
.42 acres
167 beds / acre
170 garage parking spaces
920 CHERRY STREET
Columbia, Missouri
Developer: Collegiate Housing
MOUNTAIN LOFTS
Rexburg, Idaho
Developer: Campus Acquisitions
4-story wrap
164 units / 499 beds
89 beds per acre
2, 3 & 4 bedroom units
905 1,736 sq ft units
5-level parking garage
4/5 story
191 units / 650 beds
96.58 beds per acre
1 - 5 bedroom units
STANDARD AT FLAGSTAFF
Flagstaff, Arizona
Developer: Landmark Properties
STANDARD AT BATON ROUGE
Baton Rouge, Louisiana
Developer: Landmark Properties
5/6-story
4.3 acres
292 units
883 beds
Studio-5 bedroom units
Adjacent to Brown University
95 Suite Style Units / 267 Beds
1,2 and 3 bedrooms
75 underground parking spaces
1,000 sq. ft. of retail
Large Clubhouse with Courtyards & Rooftop Deck
257 THAYER STREET
Providence, Rhode Island
Developer: Gilbane Development
COLLEGETOWN ROCHESTER
Rochester, New York
Developer: Gilbane Development
2-5 story vertical mixed use buildings
450 beds
100,000 sq ft of retail
1,200 car garage
75,000 sq ft of office
Features Barnes & Noble, serving as Universitys
official bookstore
150 room Hilton
5-story student apartments
659 units / 1784 beds
178 beds per acre
LEED Silver, with rooftop photovoltaics
STERLING ALVARADO
San Diego, California
Developer: Dinerstein Companies
STERLING FRY STREET
Denton, Texas
Developer: Dinerstein Companies
4-story
194 units / 621 beds
141 beds per acre
1, 2, 3 & 4 bedroom units
596 1,519 sq ft units
3-story student housing
92 units / 296 beds
960 1,632 sq ft units
2, 3 & 4 bedroom units
54.61 beds per acre
Surface and garage parking
STUDENT HOUSING
Auburn, Alabama
Developer: Barrett Development Company
413 E HURON
Ann Arbor, Michigan
Developer: Carter
14-story student housing
187 units / 570 beds
567 1,312 sq ft units
1, 2, 3 & 4 bedroom units
619.57 beds per acre
Surface and garage parking
5-story wood with above grade garage
232 units/790 beds
826 1,648 sq ft units
2, 3 & 4 bedroom units
217 beds per acre
234 bike spaces
651 parking spaces
13
th
& OLIVE
Eugene, Oregon
Developer: Capstone
THE LOFTS AT CITY CENTER
Tuscaloosa, Alabama
Developer: Capstone
5-story mixed use
1250 beds
370 units
1,250 sq ft unit average
Retail below
4-story student housing
1, 2, 3 & 4 bedroom units
632 1,371 sq ft units
177 units/508 beds
91 beds per acre
STUDENT HOUSING
Knoxville, Tennessee
Developer: 908 Development
THE COURTS AT RIVERBEND
San Marcos, Texas
Developer: Aspen Heights
4-story student housing
129 units / 394 beds
856 1,357 sq ft units
2, 3 & 4 bedroom units
56.61 beds per acre
Surface parking
RETREAT AT ORLANDO
Orlando, Florida
Developer: Landmark Properties
THE STANDARD AT ST. LOUIS
St. Louis, Missouri
Developer: Landmark Properties
1-5 bedroom units
164 units / 450 beds
536 1,725 sq ft units
230 beds / acre
7,558 sq ft clubhouse
388 parking spaces, .86 spaces / bed
Student cottage community at the University of
Central Florida
221 units / 894 beds
1,395-2,476 sq ft units
12,100 sq ft clubhouse
Townhomes
112 units/448 beds
4 bedroom/4.5 bath
1,881 sq. ft. units
53.59 beds per acre
453 parking spaces
U CLUB WOODWARD
Tallahassee, Florida
Developer: American Campus Communities
VALLEY ROAD
Reno, Nevada
Developer: Dinerstein Companies
190 units / 704 beds
877-1,575 sq ft units
88 beds per acre
2, 3, 4 & 5 bedroom units
1,292 sq ft average unit
581 parking spaces

DESIGN TRENDS:
WHAT DO STUDENTS EXPECT?


MICRO | 365 sq ft
4 BEDROOM | 1390 sq ft
SUPER UNIT | LOWER
SUPER UNIT | UPPER
1 BEDROOM | 560 sq ft
1800 sq ft
UNIT DESIGNS


Micro units / studios
4 and 5 bedroom units
Townhomes vs. all flats
Individual bathrooms

ITS ALL ABOUT AMENITIES
Cyber Cafes With Gourmet Coffee Bars
Top Notch Athletic Centers
Rooftop Decks/Pools with Shallow Lounge Decks
Clubhouses
Walk-in Closets
High Tech Study Areas
Resort Style Pools and Sundecks
Outdoor Kitchens
Bicycle Storage
Walking Distance to Campus, Retail & Restaurants
Keyless Entry
3-D Theater Room with Full Gaming Station
Preferred Parking for Fuel Efficient Vehicles
Water Basketball and Volleyball
WiFi at Pool and Courtyards
Professional Sound System at Pools
BBQ Areas with Seating
High Powered Tanning Beds
Bum a Bike Programs
Reserved Parking Available
Steam Rooms and Saunas
Pool Side Yogurt Delivery
Climbing Walls
Washer and Dryer Units

GREEN DESIGN FACTORS
Urban locations, particularly if redevelopment
Electric car charging stations
Bike storage/Bike rental programs
Access to public transportation
Recycled glass countertops
Recycling
Preferred parking for fuel efficient vehicles
Wiring for future PV panels
Whats next?

WHATS NOT HOT IN STUDENT
DESIGN?
Small Closets / Lack of Storage Space
Limited Wi-Fi and Slow Connections
Long Walk / Drive to Campus
Lack of Parking
No Common Spaces
Shared Bedrooms
Lack of Security
No Attention to Green Design


CONSTRUCTION COSTS

Why Hard Costs Are Higher

Concrete up 5% from a year ago

Copper doubled from 2009-2011; up 5% in 2012

Lumber has sky rocketed, up 25% as of December 2012;
fell 5% in J anuary but dimensional lumber up 39%; plywood
up 38%

Asphalt up again

Gyp board up 14% in 2012

Paints / Coatings up 10%

Insulation up 5% in 2012

Light fixtures up 15% 2010 to 2012
CONSTRUCTION COSTS


Surface / Garden Style Apartments:
$78 - $82 per sq. ft. on net in Texas and Southeast
(30 to 50 beds per acre)

E-Urban / Surface Parked Apartments:
$82 - $84 per sq. ft. on 3-story and $86 - $88 per sq. ft. on 4-story elevatored in Texas and
Southeast
(80 to 90 beds per acre)

Wrap Garage Apartments:
4-story (120 to150 beds per acre) $115 - $120 per sq. ft. in Texas & Southeast

Podium Parked Apartments:
$135 - $140 per sq. ft. in Texas and Southeast
(170 to 220 beds per acre)

High Rise Apartments:
$165 - $180 per sq. ft. in Texas & Southeast
(300 beds per acre or higher)

*15% higher out West (not California, Midwest or Northeast)
15% to 30% higher in California, Midwest, Northeast and Pacific Northwest
10% higher on 5-story product
Prices depend on square foot average, site conditions and other factors.

CONCEPT COMMUNITY
HUMPHREYS & PARTNERS ARCHITECTS


AMENITIES
Massive party pool
(resort style) 7200 sq ft
Spa
Amenity Cave
Putting green
Sky Fitness
Private penthouse rooftop pool
Climbing wall
Sand volleyball on garage roof
Solar Panel Trellis and
lounge/cooking space on garage
roof
Roof patios on 5 story wood frame
Clubhouse amenities
Bike rental station

SITE PLAN
SITE AREA 3 acres
DENSITY 355 beds per acre
TOTAL BEDS 1064
5-STORY 110 units, 440 beds
30-STORY 624 beds
PARKING PROVIDED 958 spaces
PARKING RATIO 0.9 spaces per bed
HOME RISE Concept
TOWER EFFICIENCY 88%
2014 AND BEYOND: JUST OVER THE HORIZON!