National multifamily housing developer The Bainbridge Companies is expanding its footprint into communities that are home to larger universities with two new residential developments scheduled for delivery from late 2015 through mid-2016. Campus Circle Urbana, located directly across the street from the University of Illinois, will offer 181 apartments. Bainbridge Delaware will have 220 apartments within walking distance of the City of Newark’s vibrant Main Street and the University of Delaware.
Based in Wellington, Florida with additional offices on the East Coast, Bainbridge has developed, acquired, and repositioned multifamily properties in Florida, North Carolina, New York, Maryland, Virginia, and Washington, DC. In 2012, the company delivered Campus Circle Tallahassee near Florida State University, which later won the Multi-Family Executive award for Exceptional Student Housing.
“We believe there is strong demand for full-service apartments with pedestrian access to larger universities,” said Thomas J. Keady, President and Chief Operating Officer of The Bainbridge Companies. “These locations offers a myriad of opportunities for learning, culture, recreation, social interaction, and personal growth. To appeal to potential residents, we are incorporating a wide range of amenities that reflect how people live today and the increasing importance of technology in their lives.”
Located at 1008 West University Avenue, Campus Circle Urbana is just steps from the prestigious University of Illinois Engineering School and two computer science centers. With a design inspired by the retro “speakeasy” feel of Chicago’s popular restaurants and clubs, Campus Circle Urbana is scheduled to deliver starting in December 2015.
Bainbridge Delaware, located at 230 East Main Street in Newark, will be the only Class A full-service rental community within walking distance of the City of Newark’s vibrant Main Street retail and restaurant corridor and the nearby University of Delaware.Developed by The Bainbridge Companies in association with real estate private equity firm Pinecrest Partners and featuring an edgy, urban design, Bainbridge Delaware is scheduled to deliver beginning in early 2016.
Founded in 1993, Bainbridge is a fully-integrated family of real estate companies engaged in the development, construction, management, acquisition and disposition of residential and commercial real estate. With more than 100 years of combined experience, the Bainbridge principals have developed, redeveloped, and/or repositioned more than 35,000 multifamily units. The firm’s full service real estate platform includes asset and property management, leasing, sales, marketing, renovation, construction and development.