UC Hastings selects Greystar for $450m on-campus academic village

WCN Editorial Team 24 Apr 2019 NORTH AMERICA BUILDINGS

The University of California (UC) Hastings College of the Law has selected US-based property developer, investor and manager, Greystar Real Estate Partners as the master developer for $450m multi-phase academic village development.

As master developer, Greystar Real Estate Partners will be responsible for campus housing, academic and mixed-use developments for the university's campus in San Francisco.

UC Hastings Law chancellor David Faigman said: “We are excited to be moving forward with Greystar to further develop this vibrant academic village in the heart of San Francisco, a hub of innovation comingling professional and graduate students in law, medicine and business.”

The two-phase project will provide over 900 units to the UC Hastings campus for students, faculty and staff.
The $250m first phase, which is scheduled to be completed in fall of 2022, will provide 630 new units of campus housing. It is planned to be funded with tax-exempt bonds.

Planned to be completed in 2024, the second phase involves renovation of the historic 100 McAllister building.

It will renovate 300 units and add new mixed-use amenities, including a fitness center, study lounges, community kitchens, social lounges and a new auditorium.

Greystar's University Partnerships in the West managing director Jared Everett said: “We are excited to partner with UC Hastings to execute the law school’s vision to create a vibrant, multi-disciplinary academic village in the heart of downtown San Francisco.

“This transformational partnership will support the UC Hastings community and UCSF students with a new innovative living-learning environment in the heart of San Francisco.”

UC Hastings’ Academic Village development will add more than 80,000ft2 of classroom, office and retail space. It also includes development of an auditorium.

The work is a part of Greystar's commitment to partner with top-tier universities to help meet the critical need for purpose-built collegiate housing infrastructure.

Image: Illustration of University of California Hastings College of the Law. Photo: courtesy of Greystar Worldwide, LLC.

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