Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WACO, TX-Moving forward on its town square plan, SWB Heritage Square Partners LP is preparing to launch construction on the second phase of the 17-acre project. Construction will begin next month on a 368-bed, $30-million student housing project that will serve Baylor University students. Waco Town Square is bound by Washington Avenue on the west and Franklin Avenue on the east, and sandwiched between South Third and Fourth streets to the north and south.

The unnamed student housing project will be completed in time for the 2009-2010 school year and managed by Campus Advantage Inc. of Austin. EE Reid Construction Co. of Sugar Land is the general contractor, while Humphreys & Partners Architects LP is designing the project, designing it an “e-Urban” facility.

David Wallace, partner with the Sugar Land development company, says the design concept is slightly different from the standard off-campus student housing, in that it reduces wasted space by eliminating corridors and hallways, which helps indoor climate control. “This improves efficiency and cuts costs,” he adds. “That means we can reduce the rental factor to students.”

The e-Urban design also fits in architecturally with the surrounding area. “Anytime you’re dealing with an urban renewal and have downtown density issues, you want to make sure you’re building something that fits with the environment,” Wallace says. “With all the different types of elements inherent with urban downtown living, an e-Urban design fits with that type of construction.”

The student housing project represents the town square’s second development. Construction is already underway on the project’s 55-unit Austin Avenue Flats, which will be completed by August. Wallace tells GlobeSt.com that about half of the Austin Avenue Flats units have already been preleased.

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

Once you are an ALM digital member, you’ll receive:

  • 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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.