HOUSTON--(BUSINESS WIRE)--Balfour Beatty Campus Solutions, a leading developer and operator of infrastructure projects for the college and university market, announced today it has been selected to design, build, and finance a $20M on-campus housing project for the University of Houston-Victoria through a public-private partnership.
The new 380-bed housing facility designed by KSQ Architects, will include two and four-bedroom suites designed to incorporate living/learning communities within the residence hall, as well as fitness equipment, building-wide Wi-Fi, a TV and gaming lounge, and kitchens/lounges on each floor to serve the sophomore and upper division student population located at the University of Houston System’s Victoria, Texas campus.
The University of Houston System Board of Regents approved the project at their February board meeting and the project is expected to get underway in June for scheduled delivery in August 2016. The construction partner on the project will be Dallas-based Balfour Beatty Construction, a leading residential and commercial construction firm, and a sister division of Balfour Beatty Campus Solutions. Upon completion, the housing will be operated by the University.
“We are delighted to be selected to develop this important project for the University of Houston System,” said Bob Shepko, president of Balfour Beatty Campus Solutions. “We look forward to achieving financial close in the months ahead and working with our partners and the University to deliver a vibrant living environment that will enhance the campus experience for students at the Victoria campus.”
About Balfour Beatty Campus Solutions
Balfour Beatty Campus Solutions, LLC provides development, asset/property management, and other real estate services to colleges, universities, and their affiliated entities with a special focus on projects utilizing a Public-Private Partnership model. The company offers an alternative solution for higher education institutions to finance and execute their necessary capital plans, including academic facilities for faculty, classrooms and labs, athletic spaces, wellness centers and student housing.
Balfour Beatty Campus Solutions is part of Balfour Beatty Investments, Inc. a global company focused on financing and operating the vital assets that enable societies and economies to grow: roads and railways, health and education facilities, power and water systems, places to live and places to work—the infrastructure that underpins progress. Balfour Beatty Investments is a division of Balfour Beatty plc, a UK-based international infrastructure group operating in construction services, support services and infrastructure investments.
About Balfour Beatty Construction US
An industry leader for more than 80 years, Balfour Beatty Construction US provides general contracting, at-risk construction management, and design-build services for a wide variety of markets, serving clients in both the public and private sectors. The company is the U.S. subsidiary of London-based Balfour Beatty plc (LSE: BBY), a leading international infrastructure group that finances, develops, builds and maintains complex building programs focused on social and commercial buildings, power and utility systems, and transportation. Consistently ranked among the nation’s largest building contractors, Balfour Beatty Construction Services US has been cited as a Top 10 Domestic Building Contractor and Top 10 Green Builder by Engineering News-Record. To learn more, visit www.balfourbeattyus.com or look for BalfourBeattyUS on Facebook, Twitter, and LinkedIn.
About University of Houston-Victoria
The University of Houston-Victoria, located in the heart of the Coastal Bend region, offers courses leading to more than 65 bachelor’s and master’s degree programs and concentrations in the schools of Arts & Sciences, Business Administration, Education & Human Development, and Nursing. UHV provides face-to-face classes at its Victoria campus as well as teaching sites in Fort Bend and Harris counties, and online classes that students can take from anywhere. Since its founding in 1973, UHV has provided students with a quality university education from excellent faculty at an affordable price.