CRG, in partnership with Landmark Properties, has successfully sold The Standard at Columbia. This newly constructed 17-story student housing tower boasts 678 beds and is located at 1401 Assembly St. in the bustling city of Columbia, South Carolina.
The buyer of this impressive property is CapitaLand, an esteemed investment firm based in Singapore. The Standard at Columbia opened its doors last summer and has already achieved a high occupancy rate of 91.3% for the current academic year with a pre-leasing rate of 98.1% for the upcoming year.
Strategically situated on an urban-infill site within the Arsenal Hill neighborhood near University of South Carolina’s campus, The Standard offers students modern living accommodations ranging from fully furnished studios to five-bedroom units.
Residents can also enjoy top-notch amenities such as a resort-style rooftop pool complete with sun shelves and jumbotron screen; outdoor fire pit and grilling stations; complimentary tanning beds; fitness center; multi-sport simulator room; private study rooms and computer lab within an academic lounge area; resident clubroom for social gatherings; bike storage facilities ;and garage parking equipped with EV charging stations.
The development was expertly executed by CRG’s parent company Clayco as general contractor while their subsidiary Lamar Johnson Collaborative served as architect on this project.
This recent sale marks another successful venture for CRG who continues to excel in real estate developments across various markets nationwide without compromising quality or innovation.
