Significant Texas A&M Student Housing Development Opens Early
Proudly able to boast that it’s the largest student housing project under development in the country, Servitas and joint-venture partner Weitz Company can also take credit for beating their construction deadlines.
The public-private partnership deal for Park West at Texas A&M University in College Station, Texas, comprises 15 buildings, 2.2 million square feet and 3,406 beds over 47 acres of land on campus. Nearly 1,000 construction workers have performed at this jobsite daily, and another 100-plus offsite designers, managers and engineers have worked on this project, BD+C reports.
Last August, the initial 144 beds were delivered, one year ahead of the project’s estimated August 2017 completion date.
“On a project of this size, having beds open early can be a tremendous asset,” Michael Short, Servitas’ COO, explains to BD+C. “It starts to set the culture for what it will feel like to live at Park West, and builds awareness and interest among the student body.
Short tells BD+C that opening part of a student housing project that early is risky because “if we pre-leased these beds and then construction slipped by even a day, it could ruin the reputation of the entire project.”
The one- to- four-bedroom studio, apartment, and garden-style units are renting for between $600 and $1,000 per month.