Student Housing: Carter Hired as PM for $100M LA Student Housing Project
Financing has been approved and bonds are now issued for the construction of a $100 million student housing project at the University of Louisiana at Lafayette. Atlanta-based Carter has been hired as program manager for the project.
Financing for 2,000-bed project -the largest ever at UL Lafayette – closed Dec. 15, and construction is underway.
The multi-phased project consists of renovation, design, construction and expansion of the University’s existing student housing inventory in the Rose Garden and Taft/Tulane communities. The project will comprise 2,000 new beds and approximately 1,000 spaces of structured parking. All phases are scheduled to be completed by August 2012.
Currently, UL Lafayette only has the ability to house 11 percent of the student body, as opposed to peer institutions, which typically house 20 percent or more of their respective student body.
Together, the new Rose Garden and Taft/Tulane communities will create individual neighborhoods on campus for freshmen and sophomore students, with close proximity to classes, dining facilities, the new student union and other campus services and amenities. The new projects will address both current waiting lists as well as recruitment and retention objectives for the University.