Gilbane Development Company's New Student Housing Community Will Provide Sophisticated & Sustainable Living for Brown University Students

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Now under construction, 257 Thayer will be the first purpose-built student housing in Providence designed to achieve LEED Silver Certification through the U.S. Green Building Council.

257 Thayer Rendering

Construction is underway at 257 Thayer, a brand new student housing community in Providence, R.I., that will provide the ultimate location for off-campus housing for both undergraduate and graduate students at Brown University and Rhode Island School of Design (RISD). The building will be ready for move-in beginning January 2015.

The 267-bed community, developed by Gilbane Development Company, will be the first purpose-built student housing property in Providence, and will include 95 suite-style apartments with one-, two- and three-bedroom units on four levels. On-site community amenities include a clubhouse room with multiple high definition TVs and gaming tables, group study rooms, fitness center, extensive bike storage, high speed internet and WIFI, and 24-hour resident services. The landscaped courtyard, with its fire pit and barbeque, provides students with a space to socialize outside of their suites.

Apartment amenities include fully furnished modern living units, private bedrooms with full private bathrooms, hardwood style floors, full kitchens with granite countertops, stainless ENERGY STAR appliances, ice maker refrigerator and microwave, washer and dryer in every unit, and individual, by-the-bed leases. All utilities are included (with green cap).

The four-story community, located in the heart of College Hill, will be a multi-purpose facility that includes retail space on Thayer Street’s frontage and an underground, heated parking garage with 75 spaces. Located steps away from the center of Brown University and just half a mile from RISD’s campus, 257 Thayer is ideal and convenient for students at both campuses.

257 Thayer has been designed as a sustainable living environment and utilizes eco- friendly choices in construction and sustainable management, including paint with low VOC and low emissions, electric car charging stations, bike storage, high efficiency systems, and solar power, which will provide up to 10% of the building’s power.

Throughout the construction of 257 Thayer, the U.S. Green Building Council’s rigorous requirements will also be met, including pollution prevention during construction, the use of low-emitting materials and water-efficient fixtures throughout the property. The building’s access to transportation, shopping, restaurants and schools will also aid in the community’s LEED® BD&C for New Construction Silver Certification goal and provide residents with purposeful living in a sustainable environment.

Bob Gilbane, CEO of Gilbane Development Company said that one of the driving factors for building in Providence was the obvious lack of purpose-built student housing within the market.

“We wanted to offer students at Brown University and Rhode Island School of Design not only a state-of-the-art student housing community in an ideal location with modern amenities, but also a truly sustainable, eco-friendly living environment that they can be proud to call home,” said Gilbane. “We have the experience to bring the highest quality product to this market that will exceed the desires of the student population.”

An off-site leasing center will open in mid-April at 286 Thayer Street for students to secure an apartment. 257 Thayer will be leased and managed by Asset Campus Housing (ACH). For more information, please visit or call (978) 540-5170.

About Gilbane Development Company
Founded in 1970, Gilbane Development is the project development, financing, and ownership arm of Gilbane, Inc. Developing a wide range of projects for both institutional and corporate clients, Gilbane Development integrates the myriad components of the project delivery and ownership structure and guarantees the results. Completed projects incorporate every aspect of real estate including: student housing, residential communities, mixed-used developments, garage/parking areas, corporate headquarters, healthcare facilities, operational | data | distribution centers, R&D | manufacturing facilities, and many types of facilities delivered through public-private partnerships. To learn more, visit or call 1-800-GILBANE.

About Asset Campus Housing (ACH)
Headquartered in Houston, Texas, Asset Campus Housing, Inc. ("ACH") is an affiliate of Houston-based Asset Plus Companies, a third party property management firm specializing in real estate services for investors, developers, and owners. Asset Campus Housing manages a student housing portfolio of 110+ properties, exceeding 62,000 beds located throughout the United States.

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