Gilbane to Consolidate Iowa State Properties, Develop New Community

Additionally, Gilbane will refurbish and update the interiors to add modern student-oriented amenities at University Towers, located adjacent to the current development at 23Twenty Lincoln.

In addition, a new six-story building, to be known as The Edge, will be constructed over the existing University Towers parking lot at the rear. This will add about 290 new beds in two, three and four-bedroom fully furnished apartment units.

Upon completion of the renovations and construction of existing and new buildings, respectively, the property will have a total of about 470 beds with about 5,300 square feet of retail space on the ground floor along Chamberlain Street.

Similar to 23Twenty Lincoln, which is scheduled to be completed in August 2015, residents of these properties will be able to take advantage of amenities such as a 24-hour fitness center with tanning room, social lounges, multiple study rooms, computer lounges with printing area and coffee bar, club rooms with HDTVs and game tables.

The new courtyard will have a fire pit and grill for its residents. The property will also provide free Wi-Fi and Internet, bike storage and on-site parking.

Each residential unit at The Edge is apartment-style, fully furnished with private bathrooms and bedrooms, in-unit side-by-side washer/dryers, kitchen with granite counters and full appliances, large walk-in closets, high-speed Internet, cable and flat-screen TV. Students will enjoy 24/7 resident services, roommate matching, and individual, by-the-bed leases.