The 626-bed development from Subtext will feature upscale apartments and amenities focused on enhancing student well-being
Orlando, F.L., September 26, 2024 – Subtext, a national student housing and multifamily real estate company, in partnership with Nuveen Real Estate, recently acquired 3.13 acres located at 3133 N. Alafaya Trail in Orlando, FL, for the construction of VERVE Orlando. The student housing community is located 0.2 miles south of the University of Central Florida (UCF) at the corner of North Alafaya Trail and Science Drive. Site work is underway, and construction will be completed in 2026. Subtext has multiple projects in pre-development in Florida’s top markets, with VERVE Orlando being the first to break ground.
The 200-unit, 446,078 square foot student apartment community will offer a mix of studio, one-, two-, three-, four-, and five-bedroom layouts, totaling 626 beds. Featuring over 15,000 square feet of interior and over 17,000 square feet of exterior shared amenity spaces, VERVE Orlando is designed to provide residents with all they need to achieve their personal and academic goals. Amenity highlights include open study spaces, large and small private study rooms, podcast/content creation studio, fitness center, wellness suite, gaming lounge, club room with indoor/outdoor bar and kitchen, beach resort-style pool courtyard, dog run, and more. The property also offers an attached garage of 573 parking spaces.
Located along a primary route into UCF, VERVE Orlando is positioned on the east side of Alafaya Trail, providing students easy access to campus. Additionally, VERVE Orlando’s proximity to the Central Florida Research Park provides its residents access to exceptional opportunities in their chosen fields.
“We’re excited to expand our portfolio to the UCF market. As a growing academic and research destination, there is an increased demand for elevated student housing in the area,” said Brandt Stiles, Founding Partner, Subtext. “Our approach is holistic, combining hospitality and human-centered design principles to create environments where our residents can truly thrive. VERVE Orlando is designed to support every facet of student life—academic, fitness, wellness, and professional. It’s not just about having the amenities. It’s about how those spaces invite meaningful connections, inspire growth, and help residents live their best lives.”
“We are looking forward to this partnership with Subtext in the VERVE Orlando project. Student housing development remains as one of the main objectives of our investment strategy in key markets like UCF,” said Carlos A. Burneo, Head of Housing Development for Nuveen.
Dwell Design Studio is the architect, with interior design by ESG Architecture & Design. Other development team partners include Live Oak Contracting as the general contractor, Kimley-Horn and Associates, Inc. as the civil engineer, and Simmons Bank as the lender.
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About Subtext
Subtext is a vertically integrated, nationwide real estate company focused on elevating the resident experience. We always have and always will start from the foundation: our residents. Because they’re our subtext. They’re the meaning and motivation behind everything we do. Every decision, design choice, and experience is built from the resident up. For more information about Subtext, or to inquire about opportunities, visit subtextliving.com.
About Nuveen
Nuveen Real Estate is one of the largest investment managers in the world with $147 billion of assets under management (as of December 31, 2023). Managing a suite of funds and mandates, across both public and private investments, and spanning both debt and equity across diverse geographies and investment styles, we provide access to every aspect of real estate investing. With over 85 years of real estate investing experience and more than 785 employees located across over 30 cities throughout the United States, Europe and Asia Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise. Nuveen
