Plans announced for residence halls construction project in Knoxville
The University of Tennessee (UT) and RISE have announced plans to develop 3 residence halls on the university’s campus in Knoxville, Tennessee, USA.
Development plans encompass two communities on Andy Holt Avenue and Caledonia Avenue, catering to first- and second-year students. These communities are projected to open in the fall of 2025, with a combined cost of approximately US$180 million. Adjacent to the university's Lindsey Nelson Stadium, a third residential community is planned, estimated to cost around US$129 million and slated for completion in fall 2026. Overall, the three seven-story communities will contribute 2,500 beds to the university's housing inventory.
The projects will be implemented using a ground lease structure, wherein UT will maintain land ownership while RISE assumes responsibility for developing, financing, and constructing the facilities.
Country updates
-
-
May 24, 2023
Mizuho to acquire Greenhill
Japan’s Mizuho Financial Group has agreed to acquire US investment bank Greenhill in a deal worth around US$550 million, including assumed debt. Greenhill is a leading independent investment ba...
Read more -
May 24, 2023
RFP issued for High School PPP project in USA
Prince George’s County Public Schools (PGCPS) has issued an RFP to the 3 teams shortlisted for Phase 2 of its Blueprint Schools public-private partnership (PPP) program.
Read more -
May 24, 2023
Agreement signed to acquire controlling interest in Serverfarm
Manulife Investment Management (Manulife IM) announced that it has entered into a definitive agreement to acquire a controlling interest in Serverfarm. Manulife IM's substantial investment will...
Read more -
May 23, 2023
Maryland county planned for building new courthouse
The Maryland Board of County Commissioners has planned to construct a new courthouse in Charles County, Washington, USA. The Board of County Commissioners has engaged in discussions re...
Read more -
May 22, 2023
Chevron to acquire PDC Energy
Chevron Corporation has announced today that it has entered into an agreement with PDC Energy, Inc. to acquire all of the shares of PDC. The transaction amount is US$6.3 billion. Chevron will is...
Read more
