The University of Tennessee, Knoxville

Units:

2,500 Beds

Description:

The State Building Commission awarded the project to RISE Real Estate following the university’s request for proposals. It is the first housing public-private partnership approved at a university in the state of Tennessee. The new residential communities are included in the university’s updated campus master plan.

The three new residential communities built through the public-private partnership are expected to add 2,500 beds to the university’s housing inventory. All three communities are expected to be seven stories. Two are planned in areas adjacent to current university housing.

The first along Andy Holt Avenue will include over 700 beds. RISE expects the project development to cost approximately $70 million.

The second, on Caledonia Avenue, is expected to have have over 1,080 beds. RISE expects the project development to cost about $110 million.

The third residential community will be adjacent to Lindsey Nelson Stadium and is expected to open for the fall 2026 semester and will include approximately 750 new apartment-style beds. The single-building community will primarily seek to meet the increased demand from continuing students. It will feature two- and four-bedroom furnished apartments with extensive ground floor common space that will be programmed to complement the adjacent UT Baseball facilities.

All three sites will feature similar architectural designs of full brick and roof colors that will seamlessly integrate the new buildings with the campus environment.