FAIRFAX, Va. – Fairfax Mayor David Meyer, city officials and local business leaders gathered yesterday to celebrate the opening of George Mason University’s first off-campus student community, The Flats on University. Developed by Capstone Communities, a nationally renowned student housing and multifamily developer, the 267-unit development houses 825 residents. Conveniently located one mile north of GMU’s campus at the corner of University Drive and Democracy Lane, “The Flats” is only a short bike or bus ride to campus.
According to city officials, this development is poised to become a major economic development project for Fairfax.
“Bringing more than 800 students to the area, The Flats plays an important role in supporting our local downtown businesses and continued growth,” said Mayor David Meyer. “We are proud to partner with a proven developer like Capstone and pleased they chose to bring this incredible development to the City of Fairfax.”
Since identifying the property in 2017, Capstone Communities has worked alongside the City to ensure The Flats provides an affordable off-campus housing option for students while also meeting the community’s needs. One important transportation need included the installation of two new stops along the city’s CUE bus system located near The Flats’ property.
“Capstone has built a legacy in student housing, developing off-campus communities across the country for the last 30+ years,” said Amanda Wallis, executive vice president of development for Capstone Communities. “This is what initially attracted us to Fairfax – a quality university and city lacking purpose-built student housing. We are proud to collaborate with The City of Fairfax to bring this concept into the heart of downtown and hope GMU students will enjoy it for many years to come.”
Designed by Niles Bolton Associates and built by Bozzuto Construction, The Flats offers a variety of fully furnished unit types, including studio, one, two, three and four-bedroom flats. Units include nine-foot ceilings, faux wood flooring, in-unit washers and dryers and gourmet kitchens with stainless steel appliances. Community amenities include a state-of-the-art fitness center, a clubhouse with an entertainment area and big-screen TVs, and private and group study areas with access to a printing lab. Residents also have plenty of outdoor amenities to enjoy with a large pool & sun deck and multiple courtyards throughout the property.
“The Flats is filling a much-needed void in the community, as we are 100% leased,” said Candice Woodward, property manager for The Flats on University. “It’s exciting to see residents already begin taking advantage of our student-focused amenities and the convenient location near campus.”
For more information, please visit theflatsonuniversity.com.
About Capstone Communities
Capstone Communities is a Birmingham-based real estate firm specializing in development, management and construction of student and multifamily housing. Capstone Communities was formed in January 2012 as part of the restructuring of Capstone Development, the most active and experienced developer of student housing in the country for more than 21 years with a portfolio that included 118 communities across 31 states, 58,000 beds and $2.7 billion in project costs. Today, with a mission to be an innovative company dedicated to serving people, building community and delivering exceptional experiences that stand the test of time, Capstone carries on Capstone Development’s legacy in the student housing industry while also focusing on the conventional multifamily sector. For more information, visit www.capstone-communities.com.
