Park West is the biggest student housing project under development in the country. Located within 47 acres on the campus of Texas A&M University in College Station, the project will encompass 15 buildings, 2.2 million sf and 3,406 beds. Nearly 1,000 construction workers have been this jobsite daily, and another 100-plus offsite designers, managers and engineers have worked on this project, whose developer, Servitas, with its design-builder and joint-venture partner Weitz Company, have pumped $300 million into the local and state economy.
Last August, Weitz delivered the first 144 beds at Park West, a year ahead of the project’s August 2017 completion date. “On a project of this size, having beds open early can be a tremendous asset,” Michael Short, Servitas’ COO, explains to BD+C. “It starts to set the culture for what it will feel like to live at Park West, and builds awareness and interest among the student body.
“When Weitz came to us,” he continues, “and said that by moving a few things around, we could have these beds ready earlier than planned, of course we were excited.”
The one- to- four-bedroom studio, apartment, and garden-style units are renting for between $600 to $1,000 per month.
But Short acknowledges that opening part of a student housing project that early is risky because “if we pre-leased these beds and then construction slipped by even a day, it could ruin the reputation of the entire project.”
When a student housing project can’t open when the school year begins, it loses the opportunity to lease those apartments for at least another seminar, or more.
Aside from Weitz, the Building Team includes the Boca Raton, Fla., and Houston offices of PGAL (design partner); Power Design Inc., Kilgore Mechanical, Coleman & Associates Landscape Design, Moss Construction, and Godfrey Construction. Subcontractors include Larry Young Paving and RSL Contractors Ltd.
Park West is the university system’s fifth student housing public-private partnership in Brazos County, joining White Creek Apartments, U Centre at Northgate, Easterwood Airport and Century Square.
Its $368 million development and construction cost—which Short believes is the largest single new-build student housing P3 to this point—was financed upfront with tax-exempt bonds. The project is expected to generate $600 million for the university system of the life of its 30-year ground lease to its owner, the nonprofit National Campus and Community Development-College Station, which paid $18.5 million upfront, and will give back $20 million in revenue per year to the system.
Servitas’ initial management contract is for five years. But Short hopes his company will prove itself to the university so that the service contract would be extended at least the life of the ground lease, and possibly beyond.
Part of the amenities-rich Park West opened a year early, with the goal of drumming up interest in this project among students and the community. Image: Weitz Company, courtesy of Servitas
Related Stories
| Aug 11, 2010
Northeast Lakeview College opens in Texas, to serve 15,000 students
After four years of construction, Northeast Lakeview College, the newest addition to Alamo Colleges, is complete. Designed by Overland Partners Architects in collaboration with Ford Powell & Carson, the nine-building, 285-acre campus in Universal City, near San Antonio, will serve up to 15,000 students.
| Aug 11, 2010
Dual physics buildings aim for LEED Silver
Two new physics buildings providing 197,000 sf of teaching, study, and office space are opening at Texas A&M University. The $82.5-million George P. Mitchell '40 Physics Building and the George P. and Cynthia Woods Mitchell Institute for Fundamental Physics and Astronomy offer new research laboratories, graduate and undergraduate lounges, offices, a 468-seat lecture hall, and a 180-seat aud...
| Aug 11, 2010
University building gets revamped, reused
KSS Architects of Philadelphia is designing the addition and renovation to SUNY Cortland's Studio West, a 43,000-sf metal panel and brick building dating to 1948. The 20,000-sf, two-story addition will become the Professional Studies Building, housing the consolidated departments of Recreation, Parks, and Leisure Studies; Communications Disorders and Sciences; and Kinesiology and Sports Managem...
| Aug 11, 2010
Project is music to school's ears
Florida Gulf Coast University is building a $7.55 million Fine Arts Building on its campus near Ft. Myers, Fla. The 25,000-sf building—the first project in the school's plan for an entire music complex—will house the music program of the College of Arts and Sciences. The facility includes a 200-seat recital hall, rehearsal hall, music labs, studio rooms, and administration offices.
| Aug 11, 2010
BU students move into high-rise dorm
Boston University’s newest residential building rises 26 stories above the Charles River. Part of the school’s 10-acre John Hancock Student Village, the 396,000-sf tower houses 962 students and has three apartments for faculty use. The tower also has a large multipurpose room on the top floor.
| Aug 11, 2010
Expansion of chemistry facility no experiment
A September ground breaking at Wayne State University in Detroit puts the school’s A. Paul Schaap Chemistry Building and Lecture Hall on track for a December 2010 completion. The $37 million, 96,000-sf facility is the second phase of a two-phase project to expand and renovate the existing chemistry building.
| Aug 11, 2010
Polshek unveils design for University of North Texas business building
New York City-based architect Polshek Partnership unveiled its design scheme for the $70 million Business Leadership Building at the University of North Texas in Denton. Designed to provide UNT’s 5,600-plus business majors with a state-of-the-art learning environment, the 180,000-sf facility will include an open atrium, an internet café, and numerous study and tutoring rooms—al...
| Aug 11, 2010
Cooper Union academic building designed to reach LEED Platinum
Morphosis Architects and Gruzen Samton are collaborating on an ultra-green academic building for New York’s Cooper Union that is designed to achieve LEED Platinum certification. The program for the nine-story facility mixes state-of-the-art laboratories, classrooms, a multipurpose auditorium, and a range of public and social spaces.
| Aug 11, 2010
Utah research facility reflects Native American architecture
A $130 million research facility is being built at University of Utah's Salt Lake City campus. The James L. Sorenson Molecular Biotechnology Building—a USTAR Innovation Center—is being designed by the Atlanta office of Lord Aeck & Sargent, in association with Salt-Lake City-based Architectural Nexus.
| Aug 11, 2010
Construction begins on Louisiana State Sports Hall of Fame
Heavy construction and foundation work has started on the new Louisiana State Sports Hall of Fame and Regional History Museum in Natchitoches, La. Designed by Trahan Architects, Baton Rouge, the $12 million, 28,000-sf museum will be clad in sinker cypress planks as a nod to the region’s rich timber legacy and to help control light, views, and ventilation throughout the facility.
