College Station, TX
Park West is an on-campus, mixed-use, Class A student housing community on Texas A&M University System land in College Station. The development brings 3,406 beds in studio, one-, two-, three-, and four-bedroom apartment configurations.
Park West is the largest student housing development ever delivered under a P3 structure in the United States. Financed via long-term, tax-exempt bonds at a low interest rate, the project is expected to generate $600M for the University over the term of the ground lease.
The development combines many of the best aspects of on-campus housing, such as student community space, residence life programming, study spaces, and the social amenities that have become both common and expected in off-campus developments. Amenities include fitness centers, coffee shop, convenience store, and three resort-style pools and spas.
Institution
Public
Progress
Completed
Size
3,406 beds / 1,320 units
2,248,820 SF
Project Timeline
Start: July 2015
Completion: August 2017
Transaction Structure
Tax-Exempt revenue bonds
(permanent lender)
Cost
$371,100,000
Key Team Members
Architect:
PGAL
General Contractor:
Weitz
Financing:
Raymond James
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