Balfour Beatty Campus Solutions and Texas Woman’s University (TWU), America’s largest university primarily for women, have reached financial close on a mixed-use student housing project on TWU’s main campus in Denton.
Project rendering of Texas Woman’s University student village project (Balfour Beatty)
The public-private partnership (PPP), valued at $75.5m (£53m), will deliver additional student housing and amenities for the university’s sophomore class.
It will be comprised of three lots of four and five storey Georgian-style buildings that will include 872 student beds configured in pod-style living quarters with spa-like communal baths offering private bathroom and shower stalls.
Three separate apartment units will be available on-site for resident directors.
Josh Smith, Senior Vice President, Balfour Beatty Campus Solutions, said, "Texas Woman’s University has set forth an exciting vision to develop a community that will deliver a transformative on-campus living-learning experience for students."
Construction of the project will be led by Texas-based Hill & Wilkinson with Architecture led by Stantec. 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 community is scheduled to be delivered in time to accommodate student occupancy for the start of the 2019/20 academic year in August 2019.