Balfour Beatty Campus Solutions and Texas Woman’s University (TWU) have reached financial close on a mixed-use student housing project on TWU’s main campus in Denton.
The $75.5m public-private partnership (PPP) project will deliver additional student housing and amenities for the university’s sophomore class.
The Residential Village development will consist of three four- and five-storey Georgian-style buildings, which will include 872 student beds configured in pod-style living quarters with spa-like communal baths.
Three separate apartment units will also be available on-site for resident directors.
A fitness centre, lounge and study areas, multipurpose space, offices for the university’s Housing and Residence Life department and community gathering spaces will be part of the development.
Texas-based Hill & Wilkinson has been appointed as the contractor for the project. Stantec is the lead architect.
National non-profit entity, Collegiate Housing Foundation, is the project’s residential facility owner through project-based, tax-exempt debt financing.
TWU vice president of student life Monica Mendez-Grant said: “TWU is delighted to work with Balfour Beatty Campus Solutions to reinforce TWU’s strategic plan to accommodate more students on our campus and to provide high-quality residences with more social space and amenities.
“This project will allow TWU to increase opportunities for students to live in a residential setting and enable the university to increase access to the student experience while maintaining the high standards for institutional quality.”
The community is scheduled to be delivered in time for student occupancy for the start of the 2019-2020 academic year in August 2019.
Balfour Beatty Campus Solutions senior vice president Josh Smith said: “Texas Woman’s University has set forth an exciting vision to develop a community that will deliver a transformative on-campus living/learning experience for students.
“We are thrilled to work with TWU – and our partners – to leverage the public-private partnership model and bring this important new infrastructure to their Denton campus.”
Balfour Beatty Campus Solutions, part of Balfour Beatty Investments, is a developer and operator of infrastructure projects for the college and university market.