Balfour Beatty Campus Solutions, a leading developer and operator of infrastructure projects for the college and university market, has broken ground on a $70.2M expansion of Northside, a mixed-use student housing community for The University of Texas at Dallas (UTD) in Richardson, Texas.
This fourth phase of the Northside development is sited on 8.4 acres adjacent to the existing community and will consist of two residential buildings, a 400-space parking garage, community amenities and additional surface parking.
Balfour Beatty Campus Solutions and their partners are currently in the construction phase on Northside Phase 3, which will be completed this summer and add 370 beds configured in mid-rise apartment floor plans. With the additional 675 beds planned for Phase 4 coming online in fall of 2021, the Northside development will offer a total of more than 2,500 beds and related amenities to the UTD market.
Northside Phase 4 continue the successful partnership with Dallas-based developer Wynne/Jackson and equity firm Star America. Architecture Demarest and Andres Construction will also continue to serve as the lead design firm and builder, respectively, on the project. The apartments will be leased and managed by Balfour Beatty Communities, which has served as the residential property management company since the inception of the Northside development in 2015.
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, 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.
