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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.

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