Balfour Beatty Campus Solutions, a developer and operator of infrastructure projects for the college and university market and part of Balfour Beatty Investments, has reached financial close on a public-private partnership project to develop an on-campus housing and dining community at the University of North Carolina Wilmington (UNCW), US.
The two-phase project will house approximately 1,814 students and provide several amenities, including group study and collaboration spaces.
Located in the southeast area of the UNCW campus, the first phase is scheduled to open for the Fall 2020 semester and will deliver 1,038 beds in a pod-style configuration for first-year students.
Under the second phase, 776 beds in pod and semi-suite styles will be added for the Fall 2021 semester for second-year students and upperclassmen.
The project will also include more than 3,500ft² of dining space, as well as DIY space, group study and collaboration areas and a learning centre for the sophomore class, which will be constructed in both phases of the project.
Balfour Beatty Campus Solutions president Bob Shepko said: “We’re very pleased to work with UNCW to deliver much-anticipated infrastructure that will enable more students to live on campus at the very heart of this growing institution.
“Our team has worked closely with university leadership on a very thoughtful planning and design effort and we look forward to breaking ground on this exciting new offering for UNCW students.”
Clark Nexsen Architecture and Engineering is designing the project, which will be built by Balfour Beatty Construction.
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 university will manage the housing community after the completion of the project.
The University of North Carolina Wilmington, the state’s coastal university, caters to more than 16,500 students and offers a range of programmes at the baccalaureate and master’s levels, and doctoral programmes in Marine Biology, Educational Leadership, Psychology and Nursing.
Image: CGI of Gloucester Place Student Accommodation in Dublin, Ireland, for which Balfour Beatty won a contract from Global Student Accommodation in December 2018. Photo: Courtesy of Balfour Beatty.