ARLINGTON, TX - Dallas-based Fountain Residential Partners, in a joint venture with Dallas-based HC2 Capital, announced the development of its first student housing community in Arlington, Texas serving the University of Texas - Arlington. Located on West Mitchell just west of Cooper Street, 8FOUR8 Mitchell will provide 298 luxury apartment homes for up to 687 students in the most highly amenitized and luxurious student housing to serve the rapidly expanding UTA market.
The University of Texas – Arlington attracted the attention of the award-winning national development firm due to its Tier One research designation, incredible growth, diversity of student population, and nationally recognized quality education. The new community will be constructed near the on-campus Centennial Court apartment, across from UTA's Administration Building, and directly adjacent to Doug Russell Park.
The 5.1-acre property will consist of 687 bedrooms including one-, two-, three-, four-, and five-bedroom apartments and townhouses, along with a resort-style pool area, an expansive 9,000 SF clubhouse with strength training and cardio center, and multiple private study rooms. Each fully furnished apartment home will feature condo-like finishes including wood-look flooring, granite countertops, queen sized pillow-top beds, 50-inch flat screen TVs, stainless steel appliances and full-sized washer and dryers.
Brent Little, President of Fountain Residential, says, "We have designed the next generation of housing for the students of UTA in the heart of campus with convenient access to both retail and restaurants along Cooper Street. With over 5 acres of land in a wooded area, we are able to create a great residential feel in the heart of the city. This also afforded us the chance to build spacious townhome units, which will be unique to this market, and to offer larger, better amenitized public spaces."
Within walking distance to the University of Texas-Arlington campus, 8FOUR8 Mitchell is aimed at the University's steadily increasing enrollment, which has been bolstered by becoming a Tier One Research, and their commitment to becoming a true global leader in education. Jim Crigler of HC2 Capital says, "We are excited about our first venture with Fountain Residential Partners. We've known the team there for a long time and we are happy to find a project to work on together. 8FOUR8 Mitchell is the perfect opportunity to provide a superior housing option for The University of Texas - Arlington students while making an investment in the community that we believe will have a positive impact on the University and the local community."
As part of the pre-development of development, Fountain worked closely with community stakeholders, the local home and business owners, the City of Arlington Planning Department, City Council members, and mayor Jeff Williams.
8FOUR8 Mitchell was designed by Stuart Roosth Architects and is being constructed by Temple, TX-based MW Builders, Inc., and will be completed before the Fall 2019 school year.