University selects developer for $1.14bn expansion project

WCN Editorial Team 20 Jun 2016 NORTH AMERICA BUILDINGS

Plenary Properties Merced (PPM) has been selected by The University of California, Merced, as the winning bidder for its next phase of the $1.14bn campus development.

PPM will design and construct the new facilities as a single, fast-track project and ensure major building systems operate effectively over the 39-year term of the contract.

The new facilities will be constructed in a 219-acre site that currently supports the existing campus and its 6,700 students. The four-year project is expected to almost double the physical capacity of the campus by 2020.

The project will support Merced’s environmental sustainability objectives, as the campus has been recognized as one of the greenest in the country by the US Green Building Council.

Furthermore, the developer will be responsible for raising the required private financing as part of the public-private partnership.

Construction is set to commence in September 2016 with the project’s first phase  scheduled for delivery in 2018. The remaining facilities are scheduled to be completed in 2020. The project is expected to create over 10,000 construction jobs in the region.

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