Student housing project underway in New York City

PEBB Capital and TriArch Real Estate Group have teamed up to build 415W120, a 153-bed student housing community that will serve Columbia University in New York City. The project is located across the street from the university in the city’s Morningside Heights neighborhood. The 14-story building will offer a mix of 80 studios and one-, two- and three-bedroom units with in-unit washer and dryers and TVs in every room. The 64,000 sq ft development will also feature a fitness center, study area, outdoor terrace, bike storage, package room, coffee bar and a rooftop deck. The developers purchased the ground for $20.3m earlier this year. Designed by Gerner Kronick + Valcarcel, the project is slated for completion in May 2020.