TAMPA, Fla. (Oct. 26, 2016) – University of South Florida System President Judy Genshaft will host an unveiling celebration on Thursday, Oct. 27, revealing new details about the university’s latest student housing project. Construction recently began on the first phase of the project, which will eventually be home to about 2,000 students.
During the event, the name of the complex and the names of the five new residence hall buildings will be revealed, along with names for the dining and wellness facilities. Professional renderings of the completed project will also be displayed. Several university leaders are expected to speak and students will be in attendance.
The transformational new housing village is a $134M public-private partnership (P3) with Capstone-Harrison Street, LLC (partnership of Capstone Development Partners, LLC and Harrison Street Real Estate Capital). The project represents the largest P3 in the history of the State University System and the single largest housing project ever approved by the Florida Board of Governors.
The project supports USF’s efforts to enhance student success, cultivating a culture of on-campus engagement. Studies have shown that active on-campus life has a direct impact on improving students’ academic performance, as well as helping them build stronger connections with their peers.
Located on the north portion of campus, the new complex will replace the Andros housing complex, which was built in the early 1960’s. It will feature a combination of suite and traditional style residential beds, a wellness facility, an outdoor pool, a dining facility and retail spaces. The project is being built in two phases and construction will meet the standards for LEED Silver certification.
The first phase, which includes about 900 beds, is expected to be completed in time for the fall semester in 2017. The second phase is expected to be finished one year later.
The University of South Florida is a high-impact, global research university dedicated to student success. USF is a Top 25 research university among public institutions nationwide in total research expenditures, according to the National Science Foundation. Serving over 48,000 students, the USF System has an annual budget of $1.6 billion and an annual economic impact of $4.4 billion. USF is a member of the American Athletic Conference.