Design, construction, financing and operation of an on-campus mixed-use housing and retail development for The University of Texas at Dallas through a 61-year ground lease public-private partnership (P3) agreement.
The new community will include mid-rise apartments and townhomes that will offer approximately 600 beds, as well as shops, restaurants and entertainment venues to serve the more than 30,000 students, faculty, staff and young professionals of the University and the greater Richardson, Texas area. The project will be located on a 13-acre tract of land located north and west of the intersection of Synergy Park Boulevard and Floyd Road, adjacent to the proposed site of a future DART rail station.
The project will break ground in the coming weeks and will be delivered in August of 2016. Upon completion, the housing will be operated by Balfour Beatty Communities, and SRS Real Estate Partners will market the retail space. American Bank of Texas is providing the financing for the project.