Balfour Beatty, an infrastructure group operating in construction services, professional services, support services and infrastructure investments, announced it has been selected to develop a new student housing project at Texas A&M University’s main campus in College Station, Texas.
Balfour Beatty Campus Solutions, a developer and operator of infrastructure projects for the college and university market, is the lead developer on the privately financed project, which is expected to cost in excess of $200 million. Balfour Beatty Construction, based in Dallas, is the construction partner on the project.
According to John Sharp, Chancellor of The Texas A&M University System, "West Campus is an integral part of the future for Texas A&M and it is vital that we have services available to meet the needs of the students, faculty and staff. This project is our first step in creating a new environment for our students and doing it in accordance with our new policy, without new debt or new cash outlays."
The proposed development will incorporate approximately 4000 beds featuring both apartment and traditional residence hall designs. Also included in the plan is a community support building that will house dining services and other amenities for the University’s west campus population.
Balfour Beatty Campus Solutions, with regional offices in Dallas and Houston, will work with Texas A&M University to finalize contract details and reach financial close over the coming months. Upon final approval, the project will be developed through a Public-Private Partnership on a long-term ground lease that will be managed by Texas A&M University Housing and Residence Life.
Balfour Beatty Campus Solutions recently broke ground on another student housing project in The Texas A&M University System—a 514-bed facility at Tarleton State University’s Stephenville, Texas campus that is set to open in August of 2014.
“We are delighted to expand our relationship with The Texas A&M University System,” said Jim Short, Senior Vice President of Balfour Beatty Campus Solutions. “We have assembled a first-rate team for this important project and look forward to working with our partners and the University to deliver an exceptional living environment for the students at Texas A&M.”
About Balfour Beatty Campus Solutions
Balfour Beatty Campus Solutions, LLC provides development, asset/property management, and other real estate services to colleges, universities, and their affiliated entities with a special focus on projects utilizing a Public-Private Partnership model. The company offers an alternative solution for higher education institutions to finance and execute their necessary capital plans, including academic facilities for faculty, classrooms and labs, athletic spaces, wellness centers and student housing.
Balfour Beatty Campus Solutions is part of Balfour Beatty Investments, Inc. a global company focused on financing and operating the vital assets that enable societies and economies to grow: roads and railways, tunnels and bridges, 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, an international infrastructure group operating in construction services, professional services, support services and infrastructure investments.
About Balfour Beatty Construction
An industry leader for more than 80 years, Balfour Beatty Construction provides general contracting, at-risk construction management, and design-build services for a wide variety of markets, serving clients in both the public and private sector. With more than 2,400 employees across the U.S., the company has been cited as a Top 10 Green Builder by Engineering News-Record, and as one of the 100 Best Companies to Work For® by FORTUNE magazine, four years in a row. The company is part of London-based Balfour Beatty plc, a global infrastructure services business operating in more than 80 countries, with a worldwide commitment to providing assets that help societies function, develop, and thrive. To learn more about the company, visit www.balfourbeattyus.com or look for BalfourBeattyUS on Facebook, Twitter, and LinkedIn.
Source: http://www.balfourbeatty.com/