Conveniently located at 744 Columbus Avenue adjacent to the southeastern border of Northeastern’s campus, LightView is a 20-story residential tower and its opening in Fall 2019 marks a key milestone for the “Housing A Changing City: Boston 2030” initiative which aims to improve the quality and quantity of student housing for Boston university and college students. The 825-bed facility is helping free up housing needed for the local community workforce.
The community features nearly 12,000 square feet of interior amenity and common area space, including social and recreational lounges, a state-of-the-art fitness center, a 24-hour Academic Success Center, and 2,000 square feet of vibrant retail. LightView has professional on-site management and staff dedicated to serving students’ needs and helping them enjoy their Northeastern experience. LightView is targeting Platinum Certification from The U.S. Green Building Council, the top honor of its Leadership in Energy and Environmental Design (LEED) program, which encourages the construction of energy and resource-efficient buildings that are healthy to live in.
The transaction was structured under the American Campus Equity (ACE)®
program, a public-private partnership that provides on-campus housing to universities without using their funds or tax-payer dollars. This gives universities the opportunity to expand and modernize their student housing portfolios without using their financial resources, while allowing ACC to deliver high-quality student housing at lower development costs and operating expenses and offer affordable rents to residents.