Mixed Use Developments

Below are a number of mixed-use developments on or nearby campuses throughout the U.S. and in Canada. The list is by no means exhaustive, but provide a cross section of sampling of recent developments. Thanks goes to Fred Pierce of Pierce Education Properties, Paul Senhert at the University of Pennsylvania and others for providing these examples.

Financing for these and most other projects have dried up considerably yet, as you can see, there are some fairly substantial projects in the pipeline that were able to weather the financial storm.

Arizona

Arizona State University, Tempe, AZ – The Threshold Project

California
University Gateway, University of Southern California. University Gateway is an 8-story, 623,000 square foot mixed-use project currently under construction for delivery in fall 2010. The project includes 421 units (1,642 beds) of student housing built over 81,500 square feet of ground level retail space (including 30,000 sf master leased to USC), privately financed on a 95-year ground lease from USC. This project is a development of LA-based Urban Partners LLC.

Iowa
Iowa State University, Ames, IA – Campustown Business District

Maryland

University of Maryland, College Park, MD – East Campus Redevelopment Initiative

Michigan

Michigan State University, East Lansing, MI – East Village

Minnesota

St. Cloud State University, St. Cloud MN - 5th Avenue Live

North Carolina

University of North Carolina, Chapel Hill, NC – Granville Towers Site

Ohio

South Campus Gateway, Ohio State University. South Campus Gateway at Ohio State University is a 7.4 acre, $160 million, seven-building, mixed-use entertainment complex located on the southern edge of the OSU campus. The 500,000 square foot project’s five-story structures contain restaurants and nightspots, an eight-screen arts cinema, a 50,000 square foot Barnes & Noble campus bookstore, a 14,000 square foot natural foods grocery store, several locally and nationally owned boutique shops, 184 market-rate student apartment units, 88,000 square feet of university office space and a 1,200 square foot parking garage (completed by Campus Partners for Community Urban Development, a nonprofit organization closely affiliated with Ohio State University).

University of Toledo, Toledo, OH – Dorr Street Gateway Redevelopment Project

Pennsylvania

University of Pennsylvania

Radian Apartments
http://www.domuspa.com
The Hub on Chestnut

All three are done on long-term participating ground lease with the University and a private developer.

Canada

The University of British Columbia (UBC) just finished a 40,000 sf project which has retail and common space on the ground floor and 3 floors of 81 students units above. This building is called MBA House and it houses student enrolled in the MBA program at the Robert H. Lee Graduate School at the Sauder School of Business.

UBC also completed another mixed use project which has a grocery store on the main floor and market rental apartments above. These units are open to the public but we still get students renting them. UBC Properties Trust developed the project and retains ownership with all profits going to the UBC Endowment Fund.