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A conceptual design of a 12-story building with 157 student apartments and 31,500 square feet of commercial space on the lot at the southwest corner of St. Paul and East 33rd streets. (Photo provided by Design Collective/JHU)
A conceptual design of a 12-story building with 157 student apartments and 31,500 square feet of commercial space on the lot at the southwest corner of St. Paul and East 33rd streets. (Photo provided by Design Collective/JHU)

A CVS Pharmacy will anchor a student-housing project in Charles Village that's starting construction Thursday, developers said.

The 3200 St. Paul development, to occupy a now-vacant lot at St. Paul and 33rd streets near Johns Hopkins University, will house 157 market-rate apartments and more than 31,000 square feet of restaurants, stores and services.

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The 327,484-square-foot project is being built by Hopkins, which bought the more-than-an-acre site in 2009, and its development team of Armada Hoffler Properties and Beatty Development Group. Capstone On-Campus Management, which runs student housing at campuses nationwide including the University of Maryland, College Park, UMBC and Towson University, will manage the apartments.

The building will wrap around a 162-space parking garage for tenants and customers.

Construction is slated to be finished by August 2016, in time for students to move in for the start of the 2016-2017 academic year.

Residents had requested a pharmacy, while the university wanted housing alternatives for upper class students and a stronger connection between the Homewood campus and the neighborhood. The new building will sit at an intersection with Hopkins' Charles Commons mixed-used residence hall and the 68-unit Village Lofts condominium project.

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