Developer buys 3 downtown Columbia parcels for housing complex

A St. Louis-based multi-family developer has purchased three parcels in downtown Columbia that it plans to develop into a student housing complex.

Trinity Partners sold the prominent site, which totals nearly four acres at the corner of Huger and Blossom streets, to developer Subtext , according to a Trinity Partners news release.

The company plans to develop a 960-bed Class A multi-family complex on the site, which was previously home to S-Mart, Brickhouse Gym, and Budget Truck Rental, according to the release. Roger Winn, Braden Shockley and Will McGregor represented the purchaser Subtext in the transaction.

Financial terms of the deal were not disclosed.

The new development will be within walking distance of the University of South Carolina baseball stadium, Greek Village, Colonial Life Arena, and the Darla Moore School of Business.

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The announcement comes after a wave of student housing-related transactions in Columbia.

Last week, real estate firm Landmark Properties announced it has purchased 67 acres along Idlewild Boulevard to develop a 197-unit, 826-bed cottage-style student housing community, in partnership with Peninsula.

Earlier this month, a Singapore real estate group announced it has acquired the 678-bed Standard at Columbia student housing high-rise.

Trinity Partners currently leases and/or manages over 31 million square feet of office, industrial, life science, mixed-use, and retail space across the region through their four offices in Charlotte and Raleigh, North Carolina, and Columbia and Greenville.

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