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Bayview Student Housing in Biscayne Bay
Interior picture of Bayview displaying a office/study area for the students
Interior shot of the student housing. Displaying a decorated bedroom and living room.

Bayview

Florida International University


Miami, FL


With sweeping views of Biscayne Bay, this luxury student housing community offers an academically focused environment that helps students learn and grow outside of the classroom. The ground floor is a common space with classrooms, offices, laundry room, game room, fitness center, computer lab, conference room, and a multi-purpose club room with a community kitchenette. The ninth-floor Sky Lounge serves as a study hall and events center.


Bayview is Green Globe Certified, with technologies such as: Energy-efficient windows with reflective low-e coatings; low-flow and water-efficient plumbing fixtures; Energy Star appliances; energy-efficient lighting; and durable and easy-to-maintain finishes. FIU received $375,000 for the upfront ground lease payment and the project will generate $138M for the University over the 30-year ground lease. Servitas provides full operations and management of Bayview, with the University responsible for billing.

Project Details

Institution 

Public 


Progress 

Completed 


Size

410 beds/152 units

162,974 GSF


Project Timeline

Start: March 2015

Completion: August 2016


Transaction Structure

Tax-exempt revenue bonds

(permanent lender)

 

Cost  

$58,287,000
 

Key Team Members

Architect: 

PGAL

General Contractor: 

Facchina

Financing: 

Raymond James


Servitas

5525 N MacArthur Blvd suite 900, Irving, TX 75038, USA

972.759.1600

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