Northside Phase I – The University of Texas at Dallas
Mid-rise apartments/townhomes of approximately 600 purpose-built student housing beds
Mid-rise apartments/townhomes of approximately 600 purpose-built student housing beds
Description
Design, construction, financing and operation of an adjacent to campus mixed-use purpose-built student housing and retail development for The University of Texas at Dallas through a 61-year ground lease public-private partnership agreement. Project Sponsor
University of TexasProject Payment Type
Rental RevenuesTotal Project Costs
$54 million (initial costs)Concession Team
Tikehau Star Infra / Balfour Beatty Campus Investments / Wynne JacksonConstruction Team
Balfour Beatty ConstructionO&M Team
Balfour Beatty Campus CommunitiesProject Overview
This student housing project involves the design, construction, financing, operations and maintenance of an adjacent to campus mixed-use purpose-built student housing and retail development for The University of Texas at Dallas. The project is being delivered under a 61-year ground lease. The project opened for occupancy in September of 2016 and laid the groundwork for successful future expansions. The new community includes mid-rise apartments and townhomes that will offer approximately 600 beds, as well as shops, restaurants and entertainment venues to serve the more than 25,000 students of the University and the greater Richardson, TX area. The project is located on a 13-acre tract of land near the intersection of Synergy Park Boulevard and Floyd Road, adjacent to the proposed site of a future DART rail station.
Tikehau Star Infra successfully exited its preferred equity investment in the project in 2018 but later acquired a common equity investment in the project in 2018.
Website: https://www.liveatnorthside.com/
