RedBridge Capital acquired a 3.67 acre parcel of land and related land use rights for the proposed development of 215 units/601 beds of student housing in October 2016. RedBridge is co-developing the project with Future Land Holdings (HK), a Hong Kong publicly listed company with a market capitalization of $15 billion and a top 10 developer in China.

Total development cost is estimated at $60.3 million, including a rentable residential area of 207,237 sf, 6,000+ sf amenity center, 7 study lounges, 8 private study rooms, 1,500 sf retail space and 215 parking spaces. Construction completion is targeted for June 2019 and open for occupancy in August 2019.