March 23, 2020 Comments Off on Balfour Beatty Closes on P3 for Student Housing at Bowie State Views: 1302 D.C. Metro News, Washington, D.C. News

Balfour Beatty Closes on P3 for Student Housing at Bowie State

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Balfour Beatty Campus Solutions said financial close has been reached on a public-private partnership (P3) project at Bowie State University (BSU) in Bowie, MD, to deliver an on-campus housing community that will also feature an entrepreneurship center designed to house university-run business organizations.

The developer collaborated with BSU leadership and Maryland Economic Development Corporation (MEDCO) on planning and design. MEDCO will own the residential facility, which will be managed by BSU.

Scheduled to open in fall 2021, the 170,000 square-foot development will bring 557 beds to the campus, as well as a variety of amenities, including lounges, flexible classroom space, a fitness center, laundry facilities, community kitchens and parking. Construction of the project commenced in February.

The development will also become the main hub for BSU’s Entrepreneurship Academy, an organization intended to help students develop their own business opportunities and become innovative thinkers and problem-solvers for established companies.

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