Source: Balfour Beatty Campus Solutions / #Student #Housing
DENTON, TX - Balfour Beatty Campus Solutions, a leading developer and operator of infrastructure projects for the college and university market, and Texas Woman’s University, the nation’s largest university primarily for women, announced that they have reached financial close on a mixed-use student housing project on TWU’s main campus in Denton. The Public-Private Partnership project, valued at $75.5M, will deliver additional student housing and amenities targeted at the University’s sophomore class.
The Residential Village development will be comprised of three four- and five-story Georgian-style buildings that will include 872 student beds configured in pod-style living quarters with spa-like communal baths offering private bathroom and shower stalls. In addition, three separate apartment units will be available on-site for resident directors. The community will also feature a fitness center, lounge and study areas, multipurpose space, offices for the University’s Housing & Residence Life department and a variety of community gathering spaces to enhance the on-campus living experience for TWU sophomores.
Texas-based Hill & Wilkinson is the project’s construction 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.
“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,” said Monica Mendez-Grant, Ed.D., vice president of student life for TWU. “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 to accommodate student occupancy for the start of the 2019-2020 academic year in August 2019.
“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,” said Josh Smith, senior vice president for Balfour Beatty Campus Solutions. “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.”