FAU Hosts Groundbreaking for Innovation Village Apartments
BOCA RATON, FL (April 21, 2010) – Florida Atlantic University’s department of housing and residential life, a part of the Division of Student Affairs, hosted a groundbreaking for phase one of the Innovation Village Apartments, a student residential complex, today on its Boca Raton campus. These apartments will be marketed exclusively to FAU’s upper division undergraduate and graduate students. The apartments will be available for occupancy in August 2011 for the start of the fall semester..
“The completion of Innovation Village will bring us closer to our strategic goal of transforming the Boca campus into a traditional university campus,” said Dr. Charles Brown, senior vice president of student affairs. “It will create new excitement and enthusiasm, not only for our students, but for faculty, staff, alumni and friends of the University. The new housing facilities, proposed football stadium, and the recently completed recreation and fitness center will become a new living-learning and social center for our students.”
Phase one of the Innovation Village Apartments will include the construction of two apartment buildings, totaling 489,000 square feet and providing 1,216 beds for upper-division and graduate students. The complex will consist of seven- and eight-story buildings, and will feature a mix of two- and four-bedroom, two-bathroom, fully-furnished apartments. The apartments will include kitchens with Energy Star appliances, Dish Network or cable TV and access to high-speed internet. Some apartments also will include laundry appliances.
The apartment complex will feature a lush courtyard with green spaces, an outdoor pool, sand volleyball court, BBQ grills and outdoor seating. Other amenities within the complex include a fitness center, convenience store, computer lab, smart technology conference rooms and multipurpose meeting areas.
The Innovation Village Apartments are on track to qualify for silver level certification in the Leadership in Energy and Environmental Design (LEED) rating system of the U.S. Green Building Council.
The Innovation Village Apartments are being developed by a joint venture of Balfour Beatty Campus Solutions and Capstone Development Corporation. They were designed by PGAL Architects and are being constructed by Balfour Beatty Construction. Balfour Beatty Capital invested $3.4 million in bonds that finance the project.
A joint venture of Capstone On-Campus Management and Balfour Beatty Campus Solutions will co-manage with FAU the Innovation Village Apartments, as well as the existing student housing facilities on FAU’s Boca Raton campus. FAU will take primary responsibility for leasing, marketing, student programming and residential life, while the joint venture companies will be primarily responsible for budgeting and physical operations.
The Innovation Village Apartments serve as the second phase of FAU’s Innovation Village project. Already a part of Innovation Village is the Marleen and Harold Forkas Alumni Center and the student recreation/fitness center.
About Florida Atlantic University:
Florida Atlantic University opened its doors in 1964 as the fifth public university in Florida. Today, the University serves more than 28,000 undergraduate and graduate students on seven campuses and sites. Building on its rich tradition as a teaching university, with a world-class faculty, FAU hosts 10 colleges: College of Architecture, Urban & Public Affairs, Dorothy F. Schmidt College of Arts & Letters, the Charles E. Schmidt College of Biomedical Science, the College of Business, the College of Education, the College of Engineering & Computer Science, the Harriet L. Wilkes Honors College, the Graduate College, the Christine E. Lynn College of Nursing and the Charles E. Schmidt College of Science. For more information, visit www.fau.edu.
About Balfour Beatty Campus Solutions, LLC
Balfour Beatty Campus Solutions, LLC, a subsidiary of Balfour Beatty Capital Group, Inc., provides development, asset/property management and other real estate services to colleges, universities or their affiliated entities with a special focus on projects utilizing a Public-Private Partnership (PPP/P3) model. The company offers an alternative solution for higher education institutions which are looking to bridge the gap between necessary capital plans (academic facilities for faculty, classrooms and labs, athletic spaces as well as wellness centers and improved student housing) and the resources needed to execute these plans.
About Balfour Beatty Capital Group, Inc.
Capital Group, Inc. specializes in partnering with government
entities and high performing public sector firms to implement
their strategic plans through a Public-Private Partnership
(PPP/P3) model. Through the Company’s four divisions,
Energy Solutions, LLC, and
Campus Solutions, LLC, it is one of the leading providers
of PPP projects in the United States with over 1,000 employees
Balfour Beatty Capital Group is a part of Balfour Beatty plc, the largest UK-based international infrastructure group operating in construction services, professional services, support services and infrastructure investments, with a proud and successful history extending back 100 years.