We are happy to announce the continuation of our robust growth plan with our first two joint ventures in 2017!
The 760-bedroom GrandMarc at University Village (proximate to the University of California, Riverside)
The 416-bedroom Gateway at Huntsville (serving Sam Houston State University)
The GrandMarc at University Village is located on nearly 12 acres at 3549 Iowa Ave., about five minutes from the UC Riverside campus and across the street from the University Village retail center. The complex consists of six, four-story stucco buildings. Suite configurations include one-, two- and three-bedroom layouts, each with its own separate bedroom and bath. Each fully furnished suite includes a patio or balcony, full-sized washer and dryer combos, laminate countertops and a full kitchen appliance package.
The upscale, gated property is one of only five purpose-built facilities serving UC Riverside and features a resort-style swimming pool and spa, outdoor grilling station and basketball court. A recently renovated club house offers study and meeting rooms, game room with billiards and table tennis, theater room, 24-hour fitness center and tanning beds. A UC Riverside Point-to-Point Shuttle and Riverside Transit Agency Trolley Stop at the property provides convenient transportation. Preiss will install cutting-edge technology improvements, including installing the highest rated WiFi speed and program improvements that make online leasing and rental payments easier and faster, as well as enhancing social media connectivity.
We are in the initial phase of reviewing opportunities to further enhance the property’s exterior and interior spaces and have also implemented our proprietary management system that focuses on our student residents’ needs.
The Gateway at Huntsville is a 160-unit student housing complex, comprising 416-bedrooms/bathrooms, is located at 5050 Sam Houston Avenue. Situated on an approximate 12-acre site, the property features six, four-story buildings, a swimming pool and basketball and volleyball courts.
We will be overseeing an extensive renovation of this property through our seasoned Construction Management team. The refurbishment program will commence this spring and includes upgrading more than half the units with new flooring, microwaves and furniture. All bedrooms will receive new mattresses, kitchen sinks and desk chairs. The clubhouse will be updated with new computer and fitness rooms and refreshed with new decor.
Technology will receive major attention with the installation of state-of-the-art, property-wide WiFi, as well as programs to enhance online leasing, online rental payments and social media capabilities. Extensive enhancements will be completed to the exterior, such as roof replacement, new HVAC units, patio furniture, grilling station, painting and landscaping. Located approximately one mile from campus, We also plan to upgrade the Gateway at Huntsville’s shuttle and provide complementary service to and from campus.