Park West will be the largest of five recent public-private projects of the Texas A&M System in College Station. When it opens in August 2017, it will provide an additional 3,402 beds for students in facilities ranging from studio apartments to three-bedroom garden-style units.
The land will be leased to NCCD-College Station Properties LLC, which will engage Servitas to develop the property and contract with Servitas Management Group, LLC to serve as manager.
NCCD-College Station will pay $18.5 million upfront to Texas A&M. Revenues are projected to average $20 million annually over 30 years. The facilities will revert to The Texas A&M University System on termination of the ground lease.
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