With more and more students and families coming to Silicon Slopes for education and work, there’s never been a greater need for affordable housing options.
PROVO, Utah (PRWEB)
December 05, 2017
Nelson Brothers, recently ranked No. 4 in real estate and No. 129 on the 36th annual Inc. 500, has acquired land in Utah County, where there is a housing shortage, with plans for new student housing projects near Utah Valley University and Brigham Young University, as well as a mixed-use residential facility in Lehi.
“With more and more students and families coming to Silicon Slopes for education and work, there’s never been a greater need for affordable housing options,” said Patrick Nelson, CEO of Nelson Brothers. Nelson Brothers Professional Real Estate currently owns and manages 10 student housing communities in Utah, including University Gateway and University Towers at UVU and 9 and 9 and Park Plaza at BYU.
The multi-state firm based in Provo, Utah, and headquartered in Aliso Viejo, California, is developing University Downs, a new student housing facility on six acres west of I-15 in Orem to serve UVU, the state’s largest university. This 1,200-bed facility will be comprised of one 10-story student housing tower with two adjacent six-story buildings, one of which will be dedicated exclusively to married couples, as well as a 10-story parking structure. University Downs will follow the shared student living quarters model with the exception of the tower for married couples, which will offer units that can accommodate a couple and small children. This facility will feature the resort-style amenities for which Nelson Brothers is known, including a full NCAA basketball court, indoor volleyball court, cinema room, soccer turf field, two pools, three hot tubs, bowling lanes and sand volleyball courts.
Nelson Brothers Construction has also announced plans to raze and rebuild the existing 9 and 9 student housing facility in Provo, within two minutes’ walking distance of BYU, in Spring 2018. It will also be updating amenities at the Park Plaza Apartments, across the street to the northeast of 9 and 9 in 2018.