Campus Apartments and Shippensburg University Student Services (SUSSI) have started construction of the first phase of a three-phase development project worth $200-million for upgrading most of the on-campus residences of the Shippensburg University.
The $70-million first phase is scheduled for completion by January 2013, with the completion of the entire project by the summer of 2015. During the first phase, three residential facilities to house 924 students will be constructed, with one facility on the south side of the campus and two other facilities on the north side.
The facilities will feature full- and semi-suite floor plans, social lounges, generous study and multi-use programming areas. The south-side building will have a space for the Honors Program of the Shippensburg University and one of the north-side facilities will feature a sophisticated wellness center measuring 13,000 sq. ft.
SUSSI, an independent not-for-profit organization serving the student community, is the owner of the project. It has collaborated with Campus Apartments to finance, design and construct student housing in order to upgrade the Shippensburg University’s on-campus residences. To fund the first phase of the project, Campus Apartments in partnership with RBC Capital has raised roughly $70 million through bond financing.
The project’s consulting engineer is Greenman-Pedersen and its general contractor is Fortune-Johnson. CUBE 3 Studio is the architect of the project.
Source: http://www.campusapts.com