Fountain Residential Partners Developing Boutique Student Housing Community Serving Kennesaw State University
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KENNESAW, Ga., April 20, 2021 /PRNewswire/ -- Dallas-based Fountain Residential Partners announces the development of The Shiloh, a boutique, 241-bed student housing community in Kennesaw, Georgia serving Kennesaw State University. Located at 1465 Shiloh Road, the project will provide just 52 luxury apartment homes for up to 241 students in a boutique community setting serving the rapidly expanding KSU market.
Kennesaw State grew an incredible 8% from Fall 2019 to Fall 2020 to reach almost 41,000 students. Given the opposition for new student housing in the community, barriers to entry for new housing geared towards KSU students are extremely high. Fountain Residential Partners sought to rezone this property in 2017 for a higher density and was unsuccessful. Only by closely working with the neighborhood association and the City to carefully craft a plan that met the community's needs and desires was the ultimate zoning request approved. And even though the property was technically except from a newly adopted Purpose Built Student Housing ordinance, The Shiloh met all parameters of the new ordinance without seeking any variances.