LAKE FOREST, IL—Lake Forest College here will receive a new 233-bed student housing facility the next school year, thanks to a new development agreement the school has struck with Balfour Beatty Campus Solutions LLC. The Newtown Square, PA-based student housing developer and operator has teamed up with Chicago-based architect Solomon Cordwell Buenz and Walsh Construction, a construction contractor also based in Chicago, on the $15-million project.
Located on the College’s South Campus, the development calls for the demolition of Moore Hall, one of Lake Forest’s existing student housing facilities. The new 62,000-square-foot community is slated for delivery in time for the 2013-2014 school year.
Like most of its projects, Balfour Beatty Campus Solutions is developing the Lake Forest facility in a public-private partnership with the college. According to the firm’s president, Bob Shepko, “The College’s administration and staff have been terrific partners and we’re excited to be working with them.”
The new residential facility, adds Leslie Chapman, Lake Forest College’s vice president of business affairs, “is crucial to our ability to attract and retain the best students, and its design fits in well with the rest of South Campus and the surrounding community.”
And on the heels of completing the Legends at Nacogdoches, Domus Development LLC has broken ground on a new project in Nacogdoches, TX that will also be delivered next year. Located close to Stephen F. Austin University, Lumberjack Lofts will be managed by Asset Campus Housing.
The luxury 310-bed property will offer one- to four-bedroom fully furnished units, as well as upscale features and amenities like granite countertops, a large outdoor courtyard with resort-style saltwater pool, full-sized sand volleyball and basketball courts, state-of-the-art fitness center and a coffee bar and lounge area. In addition to its existing WiFi access and cable package, Lumberjack Lofts will be one of five properties in the US that offers Suddenlink2GO, a months-old program that features more than 120,000 full-length TV episodes and movies.
The community will sit on land that last changed hands in 1886—on eight out of 20 acres once held in a family trust. The remaining 12 acres were donated to the city for a park and extension of the Banita Creek.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
