Inland American Communities Group (IAC) is a wholly-owned subsidiary of Inland American Real Estate Trust. Recently, it inaugurated the Phase I completion of its latest on-campus project on Arizona State University’s (ASU) Polytechnic Campus in Mesa, Ariz.
The project was called Innovation Academic Village. This contemporary student housing community and the dining facility will be placed proximal to the main campus, the latest recreational sports fields and the newly constructed Student Recreation Center. This housing project was estimated to be $13.5M. It was initiated during July 2011 and is expects completion by fall 2012 semester.
This newly constructed housing facility comprises 318 suite-style beds in a three-story structure of 85,000-square-foot, built on property ground leased from ASU. Following this project, 1,200 students will be provided accommodation with multiple amenities including common areas with spacious student lounges, multipurpose spaces, study and collaboration areas and a fully-furnished kitchen. The facility includes the cable TV infrastructure and on-campus data of ASU.
The first phase achievement also includes upgrading a new 20,000-square-foot dining facility, worth $8 M that is spacious enough to provide seating facility for 350. In addition, it includes Devils’ Den, a student oriented multimedia lounge, grocery/convenience store and a coffee shop. Following the achievement, ASU will function as the proprietor of the dining facility, while the management and operation will be taken over by Aramark, on behalf of the University.
According to Travis Roberts, executive vice president/managing director of IAC, the firm’s university services are based on the well-being of the students. This latest project presents the students of Arizona State University with an exceptional learning facility as a result of financial structuring efforts, multi-disciplined planning, design and structure.