You know the Sinatra Test even if you’ve never heard of it. As Frank Sinatra says, “If I can make it there, I can make it anywhere.”
For student housing developers in 2023, the Midtown Atlanta market surrounding Georgia Tech was the ultimate Sinatra Test.
The market was ripe for development, but several developers were getting in on the action. The students desperately needed more housing, but as savvy shoppers they were looking for substance, not just flash. The amenities arms race was in full swing, but were these the amenities that students wanted and needed?
In Atlanta, the lease up for Fall 2023 was sink or swim. One new development stood out from the rest.
Whistler introduced a new standard for student housing in Atlanta, wooing students, wowing the industry, outperforming proforma, and making a splash in the press.
Growth + Demand = Opportunity + Competition
Whistler, a 565-bed, 25-story tower opened in August 2023 during a time of unprecedented growth for both Georgia Tech and Midtown Atlanta.
Georgia Tech reported record high undergraduate enrollment in Fall 2023, and that growth is only expected to continue with the planned addition of 400,000 square feet of research and collaboration space by 2026. This continued growth is a catalyst for increased housing demand in Midtown.
The market was full of opportunity. It was prime for development. And LV wasn’t the only developer on the scene. Whistler was entering a market that had seen 3,405 beds (51% of inventory) hit the market since 2019, and with another 792 beds on track to deliver alongside Whistler in Fall 2023.
To succeed in this competitive market, Whistler needed to stand out from the noise, and make a name for itself. It did so in three key ways:
- Seamlessly integrating into the neighborhood
- Curating amenities designed specifically for Georgia Tech students
- Delivering a level of design previously unseen in the market
In The Heart of Midtown
In the heart of Atlanta’s Midtown Innovation District, Whistler sits where education, innovation, and creativity overlap. Steps from campus, it’s surrounded by retail and restaurants, and provides easy access to Tech Square’s prominent corporate offices. Georgia Tech students intermingle with professionals working in world-class incubators, accelerators and tech hubs.
Daydreamer, Whistler’s ground floor cafe, is a microcosm of this innovative neighborhood. It provides a space for organic interaction and cross-collaboration between students and professionals. A Whistler resident grabbing his morning coffee bumps into the hiring manager for his internship who popped in for a matcha. Tech research students strike up a conversation with an entrepreneur, interested in their line of work.
At Whistler, connections are made, innovation is cultivated, and our residents are poised to prosper.
Setting the Bar
Whistler’s design, amenities and location were brought to life through a compelling and engaging marketing strategy, which included a brand ambassador program that drove 45% of leases.
Whistler achieved 98% pre-leasing prior to delivery and is tracking to achieve double-digit rent growth for 2024-2025. Urbanize Atlanta declared the project to have “set the bar for posh student living in Atlanta.”
Whistler’s carefully curated design brought a new level of sophistication to the Midtown neighborhood. It offered Georgia Tech students a lifestyle that was unmatched and set a new standard for student living in the Atlanta market and across the country.
In 2024, Whistler was awarded Best New Off-Campus Development > 400 Beds at the Student Housing Business Innovator Awards.
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