The University of Utah has selected American Campus Communities (ACC) for the development and management of 5,000 beds on the university’s campus in Salt Lake City, Utah, USA.
ACC, in collaboration with Utah firms MHTN Architects and Okland Construction, and national design firm Ayers Saint Gross, will spearhead a long-term development initiative chosen through a competitive RFP process initiated in December 2022. Under the agreement, the university will maintain land ownership, while the selected companies will fund, plan, and construct the student housing. ACC will oversee operations. This distinctive funding model allows the university to allocate public funds for research, student experiences, education, and healthcare enhancements.
The project aims to complement existing Housing and Residential Education (HRE) facilities. These on-campus housing units will offer various amenities such as kitchens, laundry facilities, and fitness centers, conveniently located near classrooms and libraries. Providing students with a comfortable living space, the housing units contribute to student retention. The initial phase, comprising 1,500 beds, is set for completion in 2026, with an additional 3,500 beds planned in subsequent phases over the following five years.
Western Midstream Partners, LP (WES) announced the closing of the previously announced acquisition of Meritage Midstream Services II, LLC (Meritage). The Meritage acquisition significantly enhances W...
Read moreThe Louisiana Department of Transportation and Development (LaDOTD) has requested approval from the Senate and House chairmen of the Committees on Transportation, Highways, and Public Works to ex...
Read moreGlobal Infrastructure Partners (GIP), through its third infrastructure fund (GIP III), announced that it has entered into a binding agreement to sell a stake of approximately 50% in Nuovo Trasporto Vi...
Read moreLocal Government Commission has approved New Hanover County’s financial proposal for debt issuance of US$57 million to fund the construction of a purpose-built, Public Library and Cape Fear...
Read moreHarrison Street has announced the acquisition of The Vue, a 180-unit, 656-bed student housing building at the University of Arkansas. The Vue, located south of the University, offers spacious two-bed...
Read more