Tarleton Texan Riders’ saddles up $76M for student housing

STEPHENVILLE, ERATH COUNTY – Balfour Beatty has reached financial close on a new $76 million phase of development for a student housing project at Tarleton State University, a member of the Texas A&M University System.

In this third phase of the partnership, the Balfour Beatty team will deliver more than 1,000 student housing beds at the University’s campus, as well as academic space for the ROTC program and shell space for a university-operated health clinic.

Balfour Beatty Campus Solutions will serve as the lead developer on the project, which is scheduled to break ground soon and open August 2016.

The new 616-bed housing facility will be located adjacent to the football stadium, and will include two four-story structures with both four- and two-bedroom units in a modified suite configuration that will include private bedrooms, semi-private baths, a living room and kitchenette.

Balfour Beatty will also renovate and expand Traditions Hall, an existing 180-bed student housing facility that will grow to 446 beds configured in double and single semi-suite style units.

Upon completion, the university will operate and maintain both facilities including management of all associated resident life activities.