Theory Ithaca Breaks Ground Near Cornell

Author

Slice of Real Estate Team
April 07, 2025

Key Highlights:

  • 371 units and 518 beds near Cornell University

  • Opening for the 2027 academic year with premium amenities

  • Joint venture by PeakMade, Blue Vista, and W5 Group

  • Construction financing provided by Kennedy Wilson

  • Focus on graduate housing needs in a tight rental market

Source: PR Newswire

Notable Quotes:

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"The Cornell University market is one of the most undersupplied student apartment markets in the country especially for graduate students."

Jeff Githens, President of Development at PeakMade Real Estate
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"We are excited to begin construction on Theory Ithaca... to help bridge the market's housing gap for students."

Jason Schwartz, Managing Principal at Blue Vista Capital Management
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"Theory Ithaca is a continuation of our Innovative Living strategy... setting a new standard for residential innovation in the Ivy League."

Ralph Winter, Founder and Principal at W5 Group

Why This Matters:

Theory Ithaca addresses a critical gap in student housing, particularly for graduate students, in one of the most undersupplied academic markets in the U.S. With its strategic location between Cornell University and downtown Ithaca, the project is poised to redefine student living standards while contributing to local housing solutions. The development also highlights a growing trend in premium, community-oriented living options backed by experienced real estate partners.