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Friday, February 24, 2017
Dallas developer begins $67M expansion of UT-Dallas town center in Richardson
Dallas-based development firm Wynne/Jackson, along with New York-based equity partner Star America, has reached a deal with Balfour Beatty to start a $67 million mixed-use project at The University of Texas at Dallas campus.
The project, known as Northside 2, will help create a transit-oriented development that encourages students to live, work, study and play in the community, said UT-Dallas Vice President for Administration Calvin Jamison.
"When this project is completed, we will have more than 7,000 students living on or near campus, and this phase will offer enhanced housing and retail opportunities to support our growing campus and community," said Jamison, in a statement.
UT-Dallas — with a history for being a commuter campus — has been trying to change perception and become a destination college for student life.
Plans for Northside 2 include adding 275 apartments and townhomes and more than 6,600 square feet of retail space in a $67 million public-private partnership. In all, the project will add 900 beds to the campus.
The community will also include a resort-style pool, courtyard, fitness facility and patios. It will sit on a 12-acre tract next to the initial phase of Northside, which opened last year.
The development team — Wynne/Jackson, Star America and Balfour Beatty — has a 61-year ground lease with the university as part of the public-private partnership agreement to develop Northside 2.
Dallas-based Andres Construction will lead the overall design and build team with Architecture Demarest as the lead design firm for the project.