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The property shown above was sold for $1.76 million to a new developer from Richmond, VA who will start site work in August for this 250,000 square foot student housing complex planned to be open for Fall 2019.

Some highlights from yesterday's Daily News Record article...

• Altitude will be modeled somewhat after the 865 East building on Port Republic Road.
   
• Walker said he thinks the security features, popular at 865 East and with James Madison University student and parent focus groups, and the nearly 2,500-square-foot deck space with garage-type doors that can be opened or closed based on the weather "will really resonate" with potential renters.
   
• "We wanted to take a cue from the 865 East product type," he said, "and rather than do another garden-apartment project, with walk-up steps, we wanted to do something with interior corridors, key-fob entrance and elevators. With some of my partners, we concluded that was a void within the market."
   
• Eighty-seven of the units will have four bedrooms and four bathrooms, and Walker said those spaces should rent for about $650 per bedroom. Altitude also will have two- and one-bedroom units, with the one bedrooms leasing for about $1,100 a month.

 
Here is the original rendering of the planned student housing complex....

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