Student Housing Development

The Station | 86 Units, 241 Beds | University of Illinois Urbana‑Champaign

The Station is a Class‑A, purpose‑built student housing development currently under construction at 505 S. Fifth Street in Champaign, Illinois. The project is progressing on schedule and within budget, reflecting disciplined execution and experienced ownership. The seven‑story asset is strategically located one and a half blocks from Green Street and two blocks west of the UIUC Engineering Campus—one of the university’s highest‑density student demand corridors.

The development comprises 86 units totaling 241 beds, offering a diversified unit mix of studio, one‑, three‑, and four‑bedroom floor plans designed to align with prevailing student housing demand trends near UIUC. The Station is positioned as a premium product, with modern interiors, well‑programmed common areas, and a comprehensive amenity package.

The Station is managed by JSM Living, a locally established student housing operator with a long-standing presence in the UIUC market. The portfolio has historically demonstrated strong occupancy levels and consistent rent growth, providing operational validation and reducing lease‑up and management risk for the asset.