Student Housing Business

MAY-JUN 2018

Student Housing Business is the voice of the student housing industry.

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Page 24 of 88

CAMPUS UPDATE May/June 2018 24 Texas Woman's University BALFOUR BEATTY, TEXAS WOMAN'S UNIVERSITY BREAK GROUND ON $75.5 MILLION MIXED- USE DEVELOPMENT Denton, Texas — Balfour Beatty Campus Solutions and Texas Woman's University have broken ground on a $75.5 million, mixed- use development on the universi- ty's campus in Denton. The project — titled The Residential Village — will be comprised of three- , four- and five-story buildings totaling 872 student beds config- ured in pod-style living quarters with communal bathrooms offer- ing private bathrooms and shower stalls. Three apartment-style units will also be included for on-site resident directors. The commu- nity will feature a fitness center, lounge, study areas, multipurpose space, offices for the university's Housing & Residence Life depart- ment and a variety of community gathering spaces. Texas-based Hill & Wilkinson is the project's con- struction contractor and Stantec is the lead architect. Collegiate Housing Foundation, a national non-profit entity, is the project's residential facility owner through an issuance of project-based, tax- exempt debt financing. The com- munity is scheduled for delivery in August 2019. The University of Texas LINCOLN VENTURES BREAKS GROUND ON 239-BED COMMUNITY NEAR THE UNIVERSITY OF TEXAS Austin, Texas — Lincoln Ventures has broken ground on The Ruckus 2.0, a 239-bed student housing community located two blocks from the University of Texas in Austin. The seven-story, 90,000-square-foot community will offer fully furnished units. Shared amenities will include a 7th floor sky gym and terrace, a cyber café, state-of-the-art study lounges and a 24/7 package concierge. The development is set for delivery in fall 2019. Partners on the project include Mark Hart Architecture, Wuest Group Engineering & Design and Motivado Group. California State University – Sacramento GMH CAPITAL, AGC EQUITY PARTNERS ANNOUNCE 305-BED DEVELOPMENT NEAR CALIFORNIA STATE UNIVERSITY – SACRAMENTO Sacramento, Calif. — GMH Capital Partners and AGC Equity Partners have announced plans for The Academy on 65th, a 305-bed stu- dent housing community located near California State University – Sacramento. The property will offer fully furnished units and shared amenities including a fit- ness center, game room, motion studio, private and group study spaces, an outdoor courtyard and a hot tub. GMH recently announced their new partnership with AGC to acquire and develop core and value-add student hous- ing properties. GMH University Housing will manage the commu- nity, with leasing set to begin in August 2018. Daytona State College MALLORY & EVANS TO DEVELOP 376-BED COMMUNITY IN DAYTONA Daytona, Fla. — Mallory & Evans is set to break ground on Bellamy Daytona, a 376-bed student housing community located in Daytona. The $26 million commu- nity will serve students at Embry- Riddle Aeronautical University, Daytona Beach; Daytona State College; The Florida State University College of Medicine, Daytona Beach; The University of Central Florida, Daytona Beach; Bethune-Cookman University; and Keiser University, Daytona Beach. The four-story prop- erty will offer three-, four- and five-bedroom, fully furnished apartments with bed-to-bath parity. Every unit will have "smart house" features includ- ing Amazon Alexa, as well ther- mostats and keyless entry locks operated through smartphone applications. Shared amenities will include a clubhouse, 24-hour fitness center, tanning studio and a resort-style pool. Construction and leasing are expected to begin this summer, with completion scheduled for fall 2019. Caliber Living will manage and lease the property. The University of California, Irvine AMERICAN CAMPUS COMMUNITIES, UC IRVINE BEGIN CONSTRUCTION ON 1,441-BED ON- CAMPUS RESIDENCE HALL Irvine, Calif. — American Campus Communities and the University of California, Irvine (UCI) have broken ground on a 1,441-bed on- campus residential building and a bike storage facility. This marks the beginning of Phase IV of the partnership's on-campus devel- opment plan. The initial three phases of development brought a total of 5,162 units to the cam- pus. Benchmark Contractors, a subsidiary of Morley Builders, was the general contractor for the first three phases on UCI's cam- pus, and is moving forward with a design-assist approach for this development. KTGY is the archi- tect for the project. The develop- ment is set to open at the end of summer 2019. S E AT I N G + TA B L E S MINGLE TABLES with Vella ottomans and Elliot chair s

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