Balfour Beatty Campus Solutions and Wynne/Jackson to Develop Mixed-Use Project for The University of Texas at Dallas

‘Northside at UT Dallas’ will deliver an on-campus town center via Public-Private Partnership

DALLAS--(BUSINESS WIRE)-- Balfour Beatty Campus Solutions, a leading developer and operator of infrastructure projects for the college and university market, announced today it is has reached financial close on a $54M project to design, build, finance and operate an on-campus mixed-use housing and retail development for The University of Texas at Dallas through a public/private partnership.

The University town center concept is being developed in partnership with Dallas-based residential and commercial developer Wynne/Jackson. Balfour Beatty Construction, also Dallas-based, will lead the overall design/build team, featuring Jacobs Engineering and Architecture Demarest as the design subcontractors.

The new community will include mid-rise apartments and townhomes that will add 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.

“Northside at UT Dallas is essential to support the tremendous growth our campus has experienced. Over the past seven years, our enrollment has increased from 14,500 to almost 23,000 students,” said Dr. Calvin D. Jamison, vice president for administration at UT Dallas. “This is the natural next phase of enhancing the University experience for our campus community.”

The project will break ground in the coming weeks and will be delivered in August of 2016 in preparation for the 2016/2017 academic year. Upon completion, the housing will be operated by Balfour Beatty Communities, and SRS Real Estate Partners will market the retail space.

“We are delighted to commence this important project for The University of Texas at Dallas,” said Bob Shepko, president of Balfour Beatty Campus Solutions. “We look forward to working with the University, Wynne/Jackson and our other partners to deliver a vibrant community that will enhance the campus experience for students, faculty and visitors.”

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 Wynne/Jackson

Wynne/Jackson is a real estate development firm with a diverse background and a proven track record of successful developments and engagements over its near 35 year history. The principals have developed properties worth in excess of $1 billion and have provided asset and property management, leasing, marketing, and consulting services on over $1.5 billion of real estate developments and projects and over 10,000 residential lots. Headquartered in Dallas, Texas, Wynne/Jackson has operated on a regional basis throughout Texas and adjoining states.

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 balfourbeattyus.com or look for BalfourBeattyUS on Facebook, Twitter, and LinkedIn.

About The University of Texas at Dallas

The University of Texas at Dallas is an innovative institution in the heart of North Texas on the path to achieving Tier One national research university status.

UT Dallas has grown since its founding in 1969 to include 134 degree programs, with cutting-edge curricula serving a variety of undergraduate and graduate student interests. With a student enrollment of more than 21,000, UT Dallas was ranked 39th in the top 100 "Best Value" public colleges in the United States, according to Kiplinger's Personal Finance in 2014. UT Dallas earned recognition in 2014 as one of the best values among the nation’s public colleges by The Princeton Review and has among the highest average SAT score among entering freshmen in Texas.

The University continues its original commitment to providing some of the state's most-lauded science and engineering programs and has also gained prominence for a breadth of educational paths, from criminology to biomedical engineering to arts and technology.

Balfour Beatty Campus Solutions
Maureen Omrod, 610-355-8136
[email protected]

Source: Balfour Beatty Campus Solutions

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