Luxury Apartment Community Opens to University of Maryland Students
COLLEGE PARK, Md. — On Monday, Clark Builders Group (CBG) completed the Varsity at College Park, a mixed-use development at the University of Maryland consisting of 901 beds of student housing in 258 luxury apartments, with an additional 19,000 square feet of prime retail space. CBG was also awarded a second Varsity student housing project contract with owner CS Potomac Associates at the University of Baltimore (UB). The Varsity at UB is expected to reach completion in July 2012.
Varsity at College Park
"What is exciting about The Varsity is the overall caliber of apartments and amenities that we are able bring to University of Maryland students," said developer Donnie Gross, principal of Potomac Holdings. "Working with Clark Builders Group has been a highly successful partnership that we are excited to continue at The Varsity at University of Baltimore."
The Varsity at College Park is a privatized student community of over 401,000 square feet, accommodating University of Maryland (UMD) students in high quality apartments ranging from one- to four-bedrooms with private bathrooms. All apartments are complete with luxury kitchens and spacious living areas. In addition to housing, the complex offers a variety of state-of-the-art amenities, including a two-story fitness center, high-tech game rooms, a private covered parking deck, and a lush outdoor courtyard space.
CBG broke ground on the project in September 2010 and achieved a timely completion date in advance of UMD's Fall 2011 semester. The development's first floor retail space is currently under construction. When complete and occupied in late November 2011, the retail space is expected to bring even more convenience to tenants and College Park locals.
"We are extremely proud to have been part of the team at The Varsity. This project is a shining example of what is possible in high density wood construction. The Varsity is a wonderful addition to College Park and we are very proud of the finished product," commented Keith Anderson, president of CBG. "Student Housing is a deadline-driven business and our team worked hard to ensure that we were ready for fall semester."
CS Potomac Associates, LLC selected CBG as the general contractor of this $42 million apartment project in July 2010. The Varsity has not only brought better quality housing to students, but the complex is also an important step toward improving the overall appearance of the Route 1 corridor. Seated directly off of this major road, the Varsity is ideally located directly adjacent to the University of Maryland main campus entrance.
About Clark Builders Group
As the second largest multifamily builder in the nation, Clark Builders Group (CBG) is one of the nation's premier builders of luxury apartments, military family housing, and mixed-use communities. CBG has constructed more than 60,000 homes since its founding in 1992 and boasts an extensive portfolio of nationally acclaimed, award-winning communities on both coasts. CBG is an affiliate of the Clark Construction Group, one of the nation's oldest and largest private general contractors. For more information, visit www.clarkbuildersgroup.com.