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Crews Break Ground on Nine-Story Student Housing Complex on West Gaines Street Worth Over $100M

by | Apr 27, 2026 | News

This article originally appeared on WCTV.TV.

Construction has begun on a multi-story student housing complex on West Gaines Street that features 804 beds and a plethora of amenities, according to a press release.

Hoar Construction, the general contractor on the $100 million project with Park 7 Group as the developer, said construction is expected to be completed in the fall of 2028.

The Downtown Redevelopment Commission (DRC) voted last summer to grant Park7 Group a $238,000 tax break for the construction of the project. DRC members were split on the decision.

The Community Redevelopment Agency, overseen by Tallahassee city commissioners and the mayor, signed off on the break.

By the time the CRA sunsets in 2034, the owner is expected to see a $1.4 million total tax break.

The multi-story apartment, affectionately named Icon Tallahassee, is expected to have both one-bedroom and five-bedroom layouts. Officials said the complex will also have a club room, study lounges, below-grade parking, bike and scooter storage, and a fitness and yoga studio.

The contractor said Icon Tallahassee is expected to be one of the tallest buildings and will feature a rooftop deck lounge with views of Doak Campbell Stadium.

The construction group said they are “carefully” establishing their construction schedule to balance pedestrian safety and efficient project development.

Construction materials are expected to be delivered with good timing to ensure less congestion and safe movement of equipment, according to a release.

The Hoar Construction Project Executive, Eric Brown, said there’s a growing demand for student housing at major universities.

“Icon Tallahassee will deliver a modern, amenity-rich living environment for Florida State University students while further expanding Hoar’s footprint across Florida. We’re excited to collaborate with Park7 on a project that will have a lasting impact on the campus community,” Brown said in a release.

The project is expected to be developed at 730 Gaines Street, according to previous reporting.

 

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