Edge Property Group Plans 276-Unit Student Housing Tower in Washington Heights

• Edge Property Group plans 28-story, 276-unit residential tower
• Project targets students at the Columbia University medical campus
• Development spans 216,000+ square feet, with completion by 2028

What the project includes

A new 28-story residential tower is planned at 467-473 West 165th Street in Washington Heights, bringing 276 housing units to Upper Manhattan. The project is designed specifically for students of Columbia University’s medical school, positioning it as a purpose-built student housing asset. Amenities will include study spaces, a fitness center, lounge areas, a golf simulator, and outdoor terraces.

Why student housing is a strong play

Student housing tied to major universities offers consistent demand and stable occupancy. Columbia’s medical campus drives a steady pipeline of tenants, making this a highly targeted development. Purpose-built housing also allows developers to optimize layouts and amenities for a specific renter base. For investors, this asset class provides predictable leasing and long-term demand drivers.

What this means for Washington Heights

The project replaces a surface parking lot, continuing the trend of turning underutilized land into high-density housing. Washington Heights benefits from proximity to major institutions and transit access, making it attractive for residential development. New projects like this are helping modernize the neighborhood’s housing stock.

What this means for development strategy

Edge Property Group is focusing on a niche product with strong fundamentals. By aligning with a major institution, the project reduces leasing risk and increases long-term viability. Developers are increasingly targeting specialized housing segments like student and workforce housing.

What this means for investors and landlords

Student housing remains a resilient sector, particularly when tied to top-tier institutions. High occupancy and recurring tenant demand make it attractive for long-term investment. For landlords, this project highlights the value of location-driven, demand-specific development. As Manhattan continues to evolve, niche residential assets like this will play a growing role in the housing market.