The site is 1.5 miles from the main entrance to the new of Florida Polytechnic University that will be
opening in the fall of 2012. The Groves at Lake Julianna will be the closest apartment
community to the new university. Currently the next closest quality apartment community is 8.5
miles away from campus.
According to the Vice President of Campus Facilities for USF Poly the university plans to build
a 500 bed on campus housing facility in conjunction with the opening of the school. The campus
will open with a projected 4,500 students plus 200 to 300 faculty and staff in August of 2013.
The student enrollment is projected to be 7,500 students by 2015 and an expected undergraduate
and graduate enrollment of 18,000 students within seven to ten years. In addition, it was
announced in April 2010 that a new pharmacy school will also be built on the new campus.
The university has expressed a strong need for additional quality rental housing near campus to
fulfill the needs of its student body and staff. The university will be recruiting its student body on
a national and international basis therefore high quality, secure and affordable housing near
campus is essential to attracting the type of students it seeks.
The Groves at Lake Julianna is the only approved and entitled multifamily development within
the immediate market of the university. Coupled with very competitive construction costs,
reduced impact fees and a strong imminent demand for rental housing The Groves at Lake
Julianna is an ideal opportunity for investment in today’s real estate market.