Ascendant Development has opened Haven at Elgin, a 200-unit, 649-bed luxury student community that will serve the University of Houston.
Ascendant broke ground on the project in 2021. The development team included The Clerkley Watkins Group as an architect and R.G. Millers as a civil engineer; Key Bank provided construction financing.
The community rises 16 stories—12 residential ones atop four levels of parking—and comprises one-, two-, four-- and five-bedroom layouts ranging between 497 and 1,985 square feet. In-unit features include stainless steel appliances, granite countertops, washers, and dryers. Community amenities at the 1.3-acre property include a fitness center, clubhouse, swimming pool, yoga room, and outdoor kitchen, together with more than 250 parking spaces.
Located at 3719 Elgin St. in Houston, the student community is across from the university’s main campus. TDECU Stadium, as well as a host of dining options, are within a 1-mile radius. Texas Medical Center is 5 miles away, while downtown Houston is 4 miles northwest.
Earlier this year, a student housing community near the University of Houston changed hands. Axonic Properties purchased the 347-bed asset, located roughly 2 miles from Haven at Elgin, from Trimont LLC.
There are more than 10 completed student communities serving the UH in Houston, amounting to roughly 5,730 beds, according to Yardi Matrix information. Only one community appears to be in the planning stages; upon delivery, it will add 810 beds to the university’s inventory.
Source: Multi-Housing News
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