University of Delaware's STAR Campus

University of Delaware's STAR Campus

Location:

Delaware

Location:

Delaware

Location:

Delaware

Area:

270,000 sq. ft.

Area:

270,000 sq. ft.

Area:

270,000 sq. ft.

Year:

2025

Year:

2025

Year:

2025

Type:

Residential

Type:

Residential

Type:

Residential

University of Delaware STAR Campus

Project Overview

Project Overview

Project Overview

Location

Newark, Delaware

Location

Newark, Delaware

Location

Newark, Delaware

Number of Units

229 units

Number of Units

229 units

Number of Units

229 units

Budget

$50,000,000

Budget

$50,000,000

Budget

$50,000,000

Asset Tyoe

Class A Multifamily Residential Tower

Asset Type

Class A Multifamily Residential Tower

Asset Tyoe

Class A Multifamily Residential Tower

Transaction Challenges:

The development represents the first residential project on the University of Delaware’s STAR Campus, a rapidly transforming 272-acre innovation hub. As a pioneering multifamily project in an emerging submarket, establishing lender confidence in future leasing demand and rent potential required a compelling narrative. Additional challenges included positioning the asset to attract a unique tenant mix—from university staff to professionals in the growing health sciences, biopharma, and fintech industries—and ensuring that financing aligned with the evolving dynamics of the STAR Campus master plan.

Transaction Challenges:

The development represents the first residential project on the University of Delaware’s STAR Campus, a rapidly transforming 272-acre innovation hub. As a pioneering multifamily project in an emerging submarket, establishing lender confidence in future leasing demand and rent potential required a compelling narrative. Additional challenges included positioning the asset to attract a unique tenant mix—from university staff to professionals in the growing health sciences, biopharma, and fintech industries—and ensuring that financing aligned with the evolving dynamics of the STAR Campus master plan.

Transaction Challenges:

The development represents the first residential project on the University of Delaware’s STAR Campus, a rapidly transforming 272-acre innovation hub. As a pioneering multifamily project in an emerging submarket, establishing lender confidence in future leasing demand and rent potential required a compelling narrative. Additional challenges included positioning the asset to attract a unique tenant mix—from university staff to professionals in the growing health sciences, biopharma, and fintech industries—and ensuring that financing aligned with the evolving dynamics of the STAR Campus master plan.

ArrowREA Solution:

Arrow Real Estate Advisors arranged $50 million in construction financing. The team leveraged deep market insights and the proven track record of the developer to structure a financing package that addressed the unique dynamics of the STAR Campus. The result is a well-capitalized project positioned to meet growing demand for luxury housing at one of Delaware’s most transformative innovation districts.

ArrowREA Solution:

Arrow Real Estate Advisors arranged $50 million in construction financing. The team leveraged deep market insights and the proven track record of the developer to structure a financing package that addressed the unique dynamics of the STAR Campus. The result is a well-capitalized project positioned to meet growing demand for luxury housing at one of Delaware’s most transformative innovation districts.

ArrowREA Solution:

Arrow Real Estate Advisors arranged $50 million in construction financing. The team leveraged deep market insights and the proven track record of the developer to structure a financing package that addressed the unique dynamics of the STAR Campus. The result is a well-capitalized project positioned to meet growing demand for luxury housing at one of Delaware’s most transformative innovation districts.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.

We partner with investors and developers to unlock optimal financing by leveraging our deep network of capital providers and delivering strategies tailored to each opportunity.