Print
Real Estate - Commercial

Public-private Partnership Moves Forward For New UNCW Housing

By Cece Nunn, posted Jan 10, 2019
A preliminary conceptual rendering shows what the new on-campus housing and dining project at UNCW could look like. (Rendering courtesy of Clark Nexsen Architecture and Engineering)

Balfour Beatty Campus Solutions, a developer and operator of infrastructure projects for the college and university market, has closed on public-private partnership financing to develop an on-campus housing and dining community at the University of North Carolina Wilmington, according to an announcement Thursday.

The partnership involved the issuance of $147.6 million in bonds, UNCW officials said. 

The two-phase project will house about 1,814 students and provide a variety of amenities, including group study and collaboration spaces, a news release stated.

Located in the southeast area of the UNCW campus, the development’s first phase is scheduled to open for the fall 2020 semester with 1,038 beds in a pod-style configuration for first-year students, according to the release.

In the second phase, the news release stated, 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, according to the release, as well as makerspace, 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, in the release. “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.”

According to the release, the development is being designed by Clark Nexsen Architecture and Engineering and constructed by Balfour Beatty Construction.

Clark Nexsen Architecture's portfolio also includes Cape Fear Community College's Advanced and Emerging Technologies Building and Heavy Equipment and Transport Technology Building at its North Campus in Castle Hayne.

"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 release stated. "Upon completion, the housing community will be managed by the University."

Ico insights

INSIGHTS

SPONSORS' CONTENT
Russell 102218124439

How Can I Sue Someone After the Statute of Limitations has Run in NC?

Russell Nugent - The Humphries Law Firm
Aaeaaqaaaaaaaaidaaaajdhiztrkodm0lte2yjetngrkmy1hotrmltawmdvlmwqyztmymw

Grab Wilmington’s Best-Kept Talent Secret Before They Head Off to Bigger Dreams

Diane Durance - UNCW Center for Innovation and Entrepreneurship
Jim ellis headshot 10311631058

Why Your Company Needs a Corporate Video

Jim Ellis - Signal

Trending News

Local Communications Co-op Offering Wireless Service Again

Johanna Cano - May 24, 2019

Reprisal Crew Readies For Action In Wilmington

Jenny Callison - May 24, 2019

In The Current Issue

Trattoria On Market St. Savors Popularity

The eggplant Parmesan is so popular at Rosalie’s Trattoria, the restaurant can’t keep the vegetable in stock, said owner Al Cervini....


Preparing Homes For Hurricane Season

Hurricane season begins June 1, and with it comes the need for residents to prepare themselves and their homes as much as possible for poten...


The Economy Of Outdoor Offerings

Outdoor venues provide spaces to let the good times roll, but is the money rolling in too? It seems to be. Despite last year’s hurricane, ti...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`
Transporting the Future - Power Breakfast 3.12.2019
Health Care Heroes 2018