Appalachian State Uni and RISE sign P3 contract for multiphase student housing project
Appalachian State University and real estate company RISE have signed the P3 contract required for a multiphase, US$191 million housing project that will replace seven residence halls in this North Carolina's university.
Through a public-private partnership (P3), the project will entail the replacement of nearly 1,800 beds — and add 300–400 more — while also adding better, more efficient parking. The development of the entire project is planned in three phases, with completion dates of fall 2020, fall 2021 and fall 2022.
The university selected RISE to develop the on-campus housing through a competitive procurement process in 2018.
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