JACKSONVILLE, Fla.--(BUSINESS WIRE)--Signet Development, a strategic real estate development and capital solutions company, today celebrated a ceremonial groundbreaking for Infinity Hall, an entrepreneurial-based academic residential community at The University of Florida (UF).
This is the first partnership between Signet Development and UF, and Signet will develop, finance, own and manage Infinity Hall, which is scheduled to house students beginning the fall semester of 2015.
Infinity Hall represents the first privatized partnership within Innovation Square, the university’s 40-acre innovation district. Innovation Square is being developed as a sustainable live, work and play community, designed to fuse the private sector with the university. Infinity Hall furthers this mission by creating an open and collaborative residential area that is designed to cultivate innovation, accelerate the development of new ideas and encourage students of all disciplines to interact.
"Infinity Hall is the first private sector finance project to arise from the vision of public-private partnership that defines Innovation Square," said UF President Bernie Machen. "We achieved this milestone in concert with the developer, builder and owner, Signet Enterprises. Infinity Hall is the first residence hall in Gainesville - and among only a handful in the nation - designed for young entrepreneurs who mean so much to our future as a community and as a country."
In addition to residential space, Infinity Hall will have collaboration space and teaming areas that are designed to promote idea generation and creativity. The ground floor of the building will be dedicated to these living-learning areas, and will be open to all students as an additional amenity. These spaces will be flexible, and can be modified for students of all disciplines. Infinity Hall is also positioned directly across the street from the Florida Innovation Hub business incubator, which will further integrate UF students and the business community.
“Signet was founded by entrepreneurs, and has a long history of developing projects that are unlike any in the marketplace,” said Signet Chairman Anthony S. Manna. “It is through innovative partnerships like the one with the University of Florida that we are able to continue to stay at the forefront of providing creative development solutions that enhance educational missions.”
The five-story, 97,000 square-foot 312-bed living learning center is being designed by Perkins + Will out of Atlanta, Georgia, and built by general contractor Brasfield & Gorrie out of Jacksonville, Florida. Construction started in March 2014, and it is scheduled to house students beginning in the fall semester of 2015.
About Signet Development
Signet Development is a national development and financing company that has managed more than $3.8 billion in real-estate development and construction projects throughout the United States. Signet specializes in creating customized solutions for institutions of higher education, healthcare providers and public-private partnerships. Signet Development is an entity of parent company Signet Enterprises, which was founded in 1995, and has offices in Akron, Ohio, Atlanta, Georgia, Jacksonville, Florida and Shanghai, China.
About Signet Enterprises
Signet Enterprises unites an entrepreneurial vision with the experience to turn opportunities into realities. With decades of experience, Signet’s principals provide highly specialized knowledge and expertise in distinct disciplines including real estate development, international initiatives, start-ups, technology, and mergers & acquisitions. Signet Enterprises includes Signet Development, Signet Ventures, Integrated Wellness Partners, Signet Accel and Signet International.