Partner Announced for New Housing Development
After a rigorous search process that elicited responses from several national firms, Eastern Kentucky University has issued a letter of intent to award the development of its new student housing projects between F2 Companies of Columbus, Ohio, and Grand Campus Properties of Richmond, Kentucky. This is the first public-private partnership (P3) project for the University.
“The proposal we selected includes all the elements we sought, plus some value added components that will transform our campus now and well into the future," said Dr. Laurie Carter, EKU Executive Vice President and General Counsel.
The winning proposal includes more than 1,100 beds on the sites of Martin Hall and the current Brockton Block on Kit Carson Drive. It is anticipated that both new halls, totaling $75 million in new construction, will be completed in time for occupancy in Fall 2017.
“These new facilities will change the face of our university forever,” said EKU President Michael Benson. “Additions such as these new residence halls are part of our revitalization program which is totally focused on improving and enhancing the student experience.”