by Brianna Crandall — February 8, 2017 — Finfrock Construction signed a P3 contract in recent weeks with Capstone Development Partners in conjunction with The University of South Florida (USF) to build new student housing that will replace an existing housing complex built in the 1960s.
Finfrock’s single-source design-manufacture-construct project delivery system provides cost-effective, rapid delivery of various types of multi-story buildings using a unique state-of-the-art precast/prestressed concrete structural system that frequently incorporates many subsystems into the structural components.
The project, a $134 million public-private partnership (P3) with Capstone Development Partners and Harrison Street, is the largest P3 student housing project approved by the Florida Board of Governors in the history of the state university system, according to USF. The first phase includes 900 beds and will be complete in time for fall semester of 2017. The second phase will be complete one year later.
The housing will eventually accommodate over 2,150 students and be part of “The Village,” a community featuring five student housing buildings comprised of suite-style and traditional hall style accommodations, a dining hall, wellness facility, outdoor pool and retail spaces.
The first two buildings were topped out in December 2016 after a July 2016 groundbreaking. Following Finfrock’s work on the Northview Student Housing Project for the University of Central Florida in 2012, the USF project is the company’s largest-ever contract.
Ana Hernandez, assistant vice president of Housing and Residential Education at the University of South Florida, commented:
We are extremely pleased with the progress of Phase I of The Village. Our students are excited about the transformation of our campus housing and we anticipate “The Village” will support on-campus engagement and enhance student success at USF for generations to come.