$120M Living & Learning Facility for Arizona State University
- Nov 11, 2015
In a $120 million deal, the nation’s largest owner, developer and manager of high-quality student housing American Campus Communities announced the sixth student housing project developed in a partnership with Arizona State University.
Scheduled for opening in Fall 2017, the living and learning facility will house 1,594 students enrolled in the Ira A. Fulton Schools of Engineering. The property will feature a 3,500-square-foot maker lab E-Space, a 14,000-square-foot dining facility with seating for 500 students and a tech lounge on the mezzanine level. A range of student-centric amenities are included in the facility, such as social and recreation lounges, an Academic Success Center, a cardio fitness room, and several academic study spaces.
“Arizona State University is committed to providing world-class living and learning facilities to its students,” said in a prepared statement Morgan Olsen, executive vice president, treasurer & CFO at ASU. “This new residential college for the Fulton Schools of Engineering will provide that environment for almost 1,600 Sun Devils and highlights the continually rising quality of the research, education and experience at ASU.”
American Campus Communities has developed more than $470 million in ASU’s on-campus housing facilities dating back to the development and opening of Vista del Sol in 2007, under its American Campus Equity program.
Rendering courtesy of American Campus Communities