Gilbane Development Company and CBRE Investment Management are excited to announce the successful financial closing of Zaya, a top-tier student housing project situated near the University of Florida in Gainesville.
This milestone marks a significant step forward in their strategic partnership, which encompasses six student housing communities at top-tier universities across the nation. Zaya is designed to provide students with state-of-the-art amenities and a vibrant living environment, reflecting the commitment of both companies to enhancing student experiences and fostering dynamic communities.
This transformative development, comprising 352 units totaling 702 beds will feature a rooftop amenity deck boasting a pickleball court, pool, clubhouse, and fitness center, offering students unparalleled leisure and recreational opportunities. Additional amenities include study rooms on every floor, a coworking lounge, high-end appliances, in-unit laundry, en-suite baths for every bed, and a leasing lobby equipped with a coffee bar, TVs, and art installations. Residents will also enjoy three distinct courtyards for lawn games, outdoor cooking, and relaxed lounge settings for socialization.
“Zaya will offer 100% private en-suite baths for every bed—an unmatched feature among nearby communities, ensuring unparalleled privacy and convenience,” said Conor O’Halloran, Development Manager at Gilbane Development Company. “Purposely built within a vibrant urban area, Zaya provides students the rare opportunity to immerse themselves in dynamic city life while also enjoying the tranquility and serenity of a thoughtfully designed environment, fostering both academic success and personal well-being.”
“We are excited to introduce this exceptional living environment to Gainesville,” added Russell Broderick, Executive Vice President, Gilbane Development Company. “Partnering with CBRE, our proximity to campus and premier retail destinations, combined with thoughtful amenities designed for academic success and community engagement, underscores our commitment to creating dynamic living spaces—all at a compelling price point that exceeds market standards.”
Gilbane Development is the real estate development, financing, and ownership arm of Gilbane, Inc., a 154-year-old family-owned company. With over $8.5 billion in development and more than 25,000 units of housing completed/underway, including over 23,000 beds of student housing, Gilbane Development Company’s projects incorporate every aspect of real estate including: multifamily housing (market-rate apartments, student housing, and affordable housing); mixed-used developments; healthcare facilities; K-12 schools; government facilities; and many types of facilities delivered through public-private partnerships.
