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Fairlawn, Promus Realty Properties to Develop UIUC Student Housing Project

Summary by Connect CRE
Fairlawn, together with Chicago-based Promus Realty Properties, announced a joint venture to deliver Mosaic, a 283-unit and 371-bed student housing community adjacent to the University of Illinois Urbana-Champaign’s (UIUC) Engineering Campus. Located at 401 S. Wright Street, site demolition is complete, and construction is now underway. Mosaic will feature elevated amenities including a sky lounge, outdoor terrace, fitness center, collaboration …
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Connect CRE broke the news in on Tuesday, January 27, 2026.
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