Richardson, Texas — Balfour Beatty Campus Solutions has closed on a $54 million project to design, build, finance and operate an on-campus mixed-use housing and retail development through a public/private partnership for the University of Texas at Dallas in Richardson.
Northside at UT Dallas is being developed in partnership with Dallas-based developer Wynne/Jackson. Balfour Beatty Construction, 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 area. The project will be located on a 13-acre tract of land adjacent to the proposed site of a future DART rail station.
“Over the past seven years, our enrollment has increased from 14,500 to almost 23,000 students,” says Dr. Calvin 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 upcoming weeks and will be delivered in August of 2016 in preparation for the 2016-2017 academic year. When completed, the housing will be operated by Balfour Beatty Communities, and SRS Real Estate Partners will market the retail space.