Ithaca, N.Y. — EdR has been approved to develop, finance and construct on-campus housing for graduate and professional students at Cornell University in Ithaca.
The housing will be built on the site of the university’s 356-bed Maplewood Park Apartments, built in 1989. The new complex is expected to consist of approximately 850 beds in a variety of floor plans. Cornell and Memphis-based EdR have executed a pre-closing agreement, and design and site planning are underway. Groundbreaking is expected to take place in fall 2016. EdR will also manage the more than $80 million community upon its targeted summer 2018 completion.