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Student Housing Daily - April 15 - Cal Poly Humboldt is building a $226 million project

Student Housing Daily - April 15 - Cal Poly Humboldt is building a $226 million project

UCSB receives approval for 2,224-bed project. Florida Tech's 556-bed complex to open in August 2026. Subtext appoints new Director of Development. Power 5 Universities dominate student housing housing market. Four new student housing deals.

Aid Sopjani & Matt H
April 15, 2025

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NEWS ROUNDUP

DEVELOPMENT: Cal Poly Humboldt is building a $226 million project. Cal Poly Humboldt has broken ground on a student housing project known as Hinarr Hu Moulik East & West Student Housing, a $226 million development. Located along St. Louis Road, approximately half a mile north of the main campus, the 12.8-acre site will bring 964 new beds to the university’s housing portfolio through apartment-style residences.

DEVELOPMENT: UCSB receives approval for 2,224-bed project. The California Coastal Commission has approved UC Santa Barbara’s San Benito student housing project, paving the way for 2,224 new student beds in apartment-style units designed for undergraduates. The project, located on a roughly 5-acre site near Harder Stadium between Mesa Road and Stadium Road, is the first in a two-phase plan by UCSB to address the university’s growing housing needs. Expected to be completed by fall 2027, the San Benito project will include seven new residential and support buildings, a new Central Utility Plant, roadway modifications near the stadium, and enhanced bicycle and pedestrian infrastructure. The second phase of the plan, which will add another 1,400 beds, is anticipated to be completed by 2029.

DEVELOPMENT: Florida Tech’s 556-bed complex to open in August 2026. Florida Institute of Technology has officially broken ground on a new six-story, 556-bed student housing complex, set to welcome its first residents in August 2026. The $96.1 million project is being financed through municipal bonds and developed in partnership with national student housing firm Servitas, which previously delivered the Bayview Student Living residence at Florida International University.

PEOPLE MOVES: Subtext appoints new Director of Development. Subtext has announced the addition of Christopher Russ as its new Director of Development. In his role, Chris will oversee the full development lifecycle—from market selection and acquisitions to entitlements, construction, and project delivery—helping Subtext continue to deliver exceptional communities across the country.

READ: Power 5 Universities dominate student housing market.

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