(To read more on the multifamily market, click here.)

|

GALLOWAY TOWNSHIP, NJ-Construction is just under way for theHousing IV project, a four-building residential complex on thecampus of the Richard Stockton College of New Jersey here. The$29.8-million complex will add 256 beds to the residentialcomponent of the institution, a state-supported school in thePomona section of this South Jersey township.

|

"This is a significant step in the progress of our facilitiesmaster plan," says college president Herman J. Saatkamp Jr. "Morestudents want the total experience of living on campus, and thecomplex will help us meet the demand and create an environment topromote the 'living-learning' philosophy."

|

The complex, when completed, will consist of four three-storybuildings housing 64 students each. Each building will beapproximately 26,000 sf, or a total of 104,000 sf, and the layoutwill be apartment-style rather than standard dormitory.

|

"The design is market-driven," says Thomasa Gonzales, dean ofstudents. "The students have told us what they prefer, and they saythey are willing to pay more to get what they want."

|

The first two buildings of the complex, adjacent to thecollege's Lakeside Center, are slated for delivery by the end ofthis year, with the second two buildings expected to be completedby mid-2008. The plan also calls for a second phase that will addan additional 125 beds by the end of 2008.

|

The project will have all of its utilities underground,including geothermal wells, according to project manager JoeFeuchack with Skanska USA Building Inc. of Parsippany, which isbuilding the complex. The overall design is by Hillier Architectsof Princeton.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.