Balfour Beatty Campus Solutions, a leading developer and operator of infrastructure projects for the college and university market, has successfully reached financial close on a public-private partnership (P3) project to develop an on-campus housing and dining community at the University of North Carolina Wilmington (UNCW). The two-phase project will house approximately 1,814 students and provide a variety of amenities including group study and collaboration spaces.
Located in the southeast area of the UNCW campus, the development’s 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. In the second phase, 776 beds in both pod and semi-suite styles will be added for the Fall 2021 semester for second-year students and upperclassmen. The development will also include more than 3,500 square feet of dining space, as well as DIY space, group study and collaboration areas and a learning center for the sophomore class, which will be constructed in both phases of the project.
“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,” said Bob Shepko, president of Balfour Beatty Campus Solutions. “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.”
The development is being designed by Clark Nexsen Architecture and Engineering and constructed 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. Upon completion, the housing community will be managed by the University.
ENDS
Media Enquiries to:
Maureen Omrod
Balfour Beatty Campus Solutions
610 355 8136
mmomrod@bbcgrp.com
About Balfour Beatty Campus Solutions
- Balfour Beatty Campus Solutions, LLC provides development, asset/property management, and other real estate services to higher education with a focus on public-private partnerships that underpin the strategic vision of an institution. The company offers public-private partnership (P3) solutions for funding and delivery of capital plans, including residential, academic, administrative and faculty offices, research, athletic/recreation, student centers, dining, parking and infrastructure.
- Balfour Beatty Campus Solutions is part of Balfour Beatty Investments, a global company focused on financing and operating the vital assets that enable societies and economies to grow: roads and railways, health and education facilities, power and water systems, places to live and places to work—the infrastructure that underpins progress. Balfour Beatty Investments is a division of Balfour Beatty plc, a UK-based international infrastructure group operating in construction services, support services and infrastructure investments.
About University of North Carolina Wilmington
- The University of North Carolina Wilmington, the state's coastal university, is dedicated to learning through the integration of teaching and mentoring with research and service. Guided by our Strategic Plan, the university is committed to nurturing a campus culture that reflects its values of diversity and globalization, ethics and integrity, and excellence and innovation. A public institution with more than 16,500 students, the university is focused on supporting and enhancing the student-centered learning experience that has been a hallmark since its founding in 1947. UNCW offers an array of programs at the baccalaureate and master’s levels, and doctoral programs in marine biology, educational leadership, psychology and nursing practice.
