Project is CRG and Kenter Capital’s second purpose-built student housing community in Eugene, Ore., and eighth student housing development nationwide in recent years

CRG, the national real estate development and investment firm, and Kenter Capital, a real estate development company, today announced the start of construction on Chapter Alder, a 15-story, 491-bed student housing high-rise adjacent to the University of Oregon campus.

Located at the intersection of 13th Avenue and Alder Street — an area known as West Campus that is fast becoming the epicenter of student life at the University of Oregon — Chapter Alder will place residents less than one block from the main campus gateway and Memorial Quad. The site is also steps from the Lillis Business Complex, Lokey Science Complex, Erb Memorial Union, Knight Library, Student Recreation Center and Hayward Field. Sharing the block with the iconic Duck Store and Flock 13, Chapter Alder will offer unmatched proximity to academics, recreation and retail.

Targeting delivery ahead of the fall 2027 academic term, Chapter Alder will include 133 fully furnished units in a mix of studio, one-, two-, four- and five-bedroom floor plans. Each residence will be appointed with contemporary, tech-forward finishes and feature stainless steel appliances, in-unit laundry and high-speed internet.

“Breaking ground on Chapter Alder marks an exciting moment for CRG as we continue to expand our presence in the Eugene market,” said J.J. Smith, executive vice president and partner at CRG. “Located in the heart of West Campus, this project reflects our long-term confidence in the student housing sector and our belief that 13th and Alder will be the epicenter or student life at the University of Oregon as West Campus continues to evolve into the hub of academic and social activity.”

To support both academic success and a dynamic student lifestyle, Chapter Alder will include a comprehensive amenity package mirroring the upscale offerings at Chapter Eugene — a nearby community CRG and Kenter Capital delivered in 2024 — and other Chapter communities around the country. They include private and group study spaces, a state-of-the-art fitness center and multiple outdoor social areas. A rooftop terrace will feature a Jacuzzi with spa and cold plunge overlooking campus, while an elevated outdoor patio will house fire pits and grilling stations. The building will also offer secure parking and ample bike storage.

“Given that developable land near campus is in extremely short supply and student enrollment has grown to over 24,000 — with fewer than 6,000 on-campus beds and nearly half of students coming from out of state — the demand for quality student housing has never been stronger,” said Smith. “Our first project in the area, Chapter Eugene, stabilized prior to opening in fall 2024 at 97% occupancy, underscoring the phenomenal fundamentals and sustained strength of the off-campus student housing market in Eugene.”

Chapter Alder is being developed in partnership with Kenter Capital and was designed by LJC, a subsidiary of CRG’s parent company, Clayco. Its first floor includes 2,200 square feet of retail space, envisioned as quick-service restaurants or coffee shops.

With Chapter Alder, CRG continues to expand its national portfolio of purpose-built student housing. This announcement follows the firm’s recent groundbreaking of Chapter Mifflin in Madison, Wis., and Chapter Ann Arbor in Ann Arbor, Mich.

CRG’s robust development pipeline reinforces the firm’s strategy of investing in vibrant university markets where enrollment growth and housing demand remain strong. CRG’s student housing and multifamily team has a strong track record that includes the development of over 50,000 beds at more than 80 university markets nationwide. The firm will continue to seek investment opportunities near major tier 1 universities for similar high-quality student housing projects.

About CRG:

CRG is a privately held real estate development and investment firm with deep expertise in industrial, office, student housing, and data center assets. The firm serves clients and investors from seven regional offices, benefiting from local expertise in Chicago, St. Louis, Seattle, Southern California, Phoenix, Philadelphia and Atlanta. CRG has developed more than 12,500 acres of land and delivered over 220 million square feet of assets exceeding $14 billion in value. For more information, visit CRG’s website at www.realcrg.com.

About Chapter:
Chapter is CRG’s national collection of upscale multifamily and student housing developments designed to provide spaces and experiences that help residents write their life story with greater intention. Each project is designed to offer residents the opportunity to not just live well, but also enjoy a home where experiences work together with the design to fuel one simple idea: help people write their next chapter.

About Kenter Capital:

Kenter Capital is a real estate development and investment company focused on the acquisition and development of high-quality properties in prime locations. Eran Shargal is the Managing Member and Principal of Kenter Capital and has experience in all aspects of development including acquisitions, entitlement, financing, development, operations, and dispositions. Since 2014, Eran Shargal has been involved in over 10 ground up developments, totaling over 3.5M SF, primarily focused on mixed- use projects adjacent or close to major universities.

About LJC:

LJC is a full-service design and architecture firm committed to enhancing the quality of the human experience and to improving how design and architecture can impact each individual’s emotional being. By harnessing the power of integrated design, including architecture, workplace strategy, interior design, landscape architecture, urban planning and engineering, the company achieves its clients’ goals and aspirations. For more information, please visit www.theljc.com.