Design, construction, financing and operation of a second phase 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 project will expand on the Northside phase 1 development, delivering an additional 275 housing units and more than 6,000 square feet of retail space valued at $67M as part of a Public-Private Partnership.
Located on more than 12 acres adjacent to Northside phase 1 which opened in 2016, the phase 2 project will include mid-rise apartments and townhomes that will add approximately 900 beds as well as additional shops, restaurants and entertainment venues to serve the more than 25,000 students, faculty, staff and young professionals of the University and the greater Richardson, Texas area. The community will also include spaces for small gatherings as well as a programmed courtyard amenity and generous patio areas located in a park-like environment.
The project broke ground in early February 2017 and is expected to be delivered in August of 2018. Upon completion, the housing will be operated by Balfour Beatty Communities. First United Bank is providing the construction loan financing for the project.