- The 3,400-bed complex boasts resort-style pools and clubhouse
- Colleges have privatized housing projects to avoid risk
A massive luxury student housing complex in Texas is still showing signs of financial strain.
NCCD-College Station Properties LLC failed to make a complete payment due July 1 for bonds issued to build the complex near the Texas A&M University campus in College Station, according to a regulatory filing.
The project, known as Park West, has struggled despite fast-growing enrollment at the school. While the complex boasts volleyball courts, three resort-style pools and a clubhouse, it is located in an area that’s far away from restaurants and entertainment venues.
By Nic Querolo and Amanda Albright
July 6, 2023