The Opus Group announced today the completion of
Seven07, a new student living community situated near the campus of the University of Illinois at Urbana-Champaign. The 14-story building includes 218 units with 548 bedrooms, offering a range of options from junior studios to four-bedroom units. Students moved into the residence prior to the start of the fall semester.
“We are proud to deliver a high-quality option for student living at the University of Illinois," said Ben Angelo, senior director of real estate development at Opus. “Leveraging our fully-integrated approach, we completed this project on time and under budget, while enhancing the experience for our residents by providing unmatched community-focused amenities."
Located on the northwest corner of John and 4th Streets, the project is the largest student housing option offering tenants convenient access to the university and nearby nightlife. The building was designed with an emphasis on community living and includes a plethora of shared spaces and enhanced amenities, such as a fitness center, indoor basketball court, spa, group and private study areas, lounge and a cafe. The fourth floor clubroom has TV's, pin ball machines, a shuffle board table and ping pong table. The fourth floor outdoor space offers a pool, barbeque grills and ample seating.
Every unit features high-end finishes, including simulated wood flooring in the kitchens and living rooms, carpeted bedrooms, stainless steel appliances, quartz countertops and in-unit washers and dryers. Leasing for the next academic school year is already underway.
This project was a joint venture between Opus and The Carlyle Group. Opus was the developer, design-builder and architect and structural engineer of record. Creative License International was the interior designer. Asset Living will manage the property, and SunTrust Commercial Real Estate provided financing for the project.
About The Opus Group
The Opus Group® is a family of commercial real estate development, construction and design companies headquartered in Minneapolis with offices and projects across the country. Opus operates as an integrated, multidisciplinary team with expertise in development, capital markets and finance; project management and construction; architecture, engineering and interior design. The Opus Group includes Opus Holding, L.L.C. and its operating subsidiaries: Opus Development Company, L.L.C., Opus Design Build, L.L.C. and Opus AE Group, L.L.C. Specializing in industrial, office, residential, retail and institutional projects, The Opus Group has broad capabilities, deep experience and a proven design-build model that delivers solutions for customers on time and on budget. For more information, visit www.opus-group.com and follow @TheOpusGroup on Twitter and @theopusgroup on Instagram.