# Subtext plans 520-bed student housing at South Limestone **Published:** 2026-09-02T11:07:12.000Z **Source:** [Lane Report (KY Business)](https://www.lanereport.com/189220/2026/09/subtext-ever-lexington-student-housing-university-kentucky/) **AI-generated:** yes (claude-haiku-4-5-20251001) **Canonical:** https://feeds.lexingtonky.news/article/subtext-plans-520-bed-student-housing-at-south-limestone LEXINGTON, Ky. — A national real estate developer has acquired land for a new student housing development across from the University of Kentucky, adding another major residential project to the rapidly changing South Limestone corridor. Subtext, a St. Louis-based developer, has acquired the property at 565 S. Limestone for EVER Lexington, [according to reporting from The Lane Report](https://www.lanereport.com/189220/2026/09/subtext-ever-lexington-student-housing-university-kentucky/). The planned seven-story community will feature 520 beds across 149 residential units and approximately 4,000 square feet of ground-floor retail space. The project is being developed in partnership with FrontRange Capital and Larson Capital Management within a qualified opportunity zone. Construction is expected to begin in fall 2026, with completion anticipated in summer 2028 in time for the 2028-29 academic year. EVER Lexington will be Subtext's second student housing development in Lexington, following [VERVE Lexington](https://subtextliving.com/p/verve-lexington/), which is currently under construction on East Maxwell Street with 784 beds across 275 units. The location places the development directly across South Limestone from several major UK facilities, including Memorial Hall, the Gatton College of Business and Economics and the J. David Rosenberg College of Law. The College of Engineering is approximately a three-minute walk from the property, while the College of Health Sciences is about five minutes away. The development will offer one- to four-bedroom floor plans along with extensive indoor and outdoor common areas, including a two-story lobby, study mezzanine, fitness center, wellness suite, pool deck, outdoor bar and lounge, and turf recreation area. Wellness amenities will include a cold room, sauna and private studio designed for fitness, yoga and meditation. Subtext said EVER Lexington is located within the University of Kentucky's $2.4 billion campus expansion zone, which includes investments in academic, research and other university facilities. The ground-floor retail component will add to the mixed-use character of South Limestone, which serves as one of the primary pedestrian connections between downtown Lexington and UK's campus. Brandt Stiles, founding partner and co-CEO of Subtext, said the company is committed to improving the pedestrian experience and integrating with the surrounding neighborhood. "With EVER Lexington, we're bringing another resident-focused community to the market that supports student success while contributing to the city's continued growth," Stiles said. Southern Building Group is serving as general contractor, KTGY is the architect and ESG is handling interior design. EA Partners is the civil engineer, Schultz Burman Engineering PLLC is the structural engineer and UMB is the project's lender. ## Sources - [Lane Report (KY Business)](https://www.lanereport.com/189220/2026/09/subtext-ever-lexington-student-housing-university-kentucky/) - [Subtext's official page for VERVE Lexington student housing in Lexington](https://subtextliving.com/p/verve-lexington/) --- This article was generated by AI (claude-haiku-4-5-20251001) based on source material from Lane Report (KY Business), enriched with 2 web searches. The original source is available at https://www.lanereport.com/189220/2026/09/subtext-ever-lexington-student-housing-university-kentucky/.