BOWIE, MD – Balfour Beatty Campus Solutions, a leading developer and operator of infrastructure projects for the college and university market, announced that financial close has been reached on a public-private partnership (P3) project at Bowie State University to deliver an on-campus housing community that will also feature an entrepreneurship center designed to house University-run business organizations.
Balfour Beatty Campus Solutions, along with architect Design Collective Inc. and builders Balfour Beatty Construction and Smoot Construction, collaborated with BSU leadership and Maryland Economic Development Corporation (MEDCO) on the plotting and design of the new student housing community and entrepreneur center to ensure the details of the project met the University s goals and objectives.
Scheduled to open in Fall 2021, the 170,000 SF development will bring 557 beds to the campus, as well as a variety of amenities, including lounges, flexible classroom space, a fitness center, laundry facilities, community kitchens and parking. Construction of the project commenced in February 2020.
The development will also become the main hub for BSU s Entrepreneurship Academy, an organization that helps students develop their own business opportunities and become innovative thinkers and problem-solvers for established companies. It will also house the Bowie Business Innovation Center(BIC), the first business accelerator located at a Maryland historically black university. Offices, multipurpose rooms, a maker space and conference rooms are included in the design to support both programs.
“Our partnership with BSU is a perfect example of the innovation that a P3 solution can bring to universities and their students,” said Bob Shepko, president of Balfour Beatty Campus Solutions. “This partnership allows the University to support their growing student body with much-needed modern housing options and provides a dedicated place for the creative leaders of tomorrow to develop their knowledge and skills as they prepare to enter the business world upon graduation.
MEDCO is the project s residential facility owner through an issuance of project-based, tax-exempt debt financing. Upon completion, the housing community will be managed by the University.

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SCOTTSDALE, AZ – Banyan Residential announced the start of construction on the long-anticipated Scottsdale Entrada development. Located at the northeast corner of 64th Street and McDowell Road, Scottsdale Entrada will revitalize a long vacant 33-acre lot with a vibrant mixed-use campus, including 736 apartment units, 250,000 square feet of office space, 5,000 square feet of retail and ample public open space. The project is located in an Opportunity Zone, part of a revitalization program formed under the Tax Cuts and Jobs Act of 2017 and will be developed with program-compliant funding.
“Because of its central location and proximity to Phoenix, this project is critical to the economic prosperity and urban renaissance of the area and surrounding neighborhoods,” said Mayor Lane. “As the name conveys, this is a major entry point to Scottsdale. We are very excited for construction to start.”
Designed by a team of local experts including Todd & Associates and SmithGroup, the completed project will offer customers first-class amenities including resort-style pools, fitness centers, mobile workspace areas, a game room, and deck spaces with expansive views of the Papago Buttes and McDowell Mountains. Scottsdale Entrada will also offer ample public gathering spaces, including a large park designed to accommodate concerts or other events, as well as a dog park, jogging trail, and connection to the Arizona Crosscut Canal. Designed to integrate natural and urban living, Scottsdale Entrada is one of the largest mixed-use developments in the Phoenix area.
“Backed by a first-class design team and the support of a stellar equity partner in Bridge Investment Group, we have developed a truly unique mixed-use plot for a very special property,” said Ben Brosseau, founder of Banyan Residential. “We are excited to deliver such a dynamic project to an Opportunity Zone property in need of timely rejuvenation.”
The McDowell Corridor, where the new Scottsdale Entrada is situated, is a prominent gateway to South Scottsdale and downtown Phoenix. For years, local residents and city staff have been nervously awaiting the redevelopment of the former Scottsdale Auto Park site. Construction on all project components will start immediately, with the office building scheduled to open in Q3 2021, followed by the first apartment units in late 2022.
“Making desirable living and work space requires design plotting with a focus on the end user experience. The Entrada property offered us the rare opportunity to program a large parcel with a blank slate, allowing us greater flexibility to integrate open space, foster connectivity between uses, and make points of interest throughout the site,” said Max Friedman, a Partner at Banyan Residential.

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VIRGINIA BEACH, VA – Mission Rock Residential, a national multifamily property management company, is further expanding its presence on the eastern seaboard, announcing a new management contract for Indigo 19 Apartments in Virginia Beach, Virginia. The deal marks the addition of the eighth property to Mission Rock’s portfolio in the state of Virginia.
“Virginia Beach is a wonderful city that Mission Rock is excited to enter and grow in. The opportunity to manage this world class apartment community is one our team is absolutely thrilled about, thanks to its gorgeous design, its top-notch amenity package, and its immense set of shared community spaces. We look forward to elevating the customer experience at this community,” said Patricia Hutchison, President of Mission Rock Residential.
Indigo 19 features 258 one, two, and three-bedroom apartments, located within walking distance to the beach as well as the Norfolk Premium Outlets. The community also offers immediate access to I-264, a major economic thoroughfare. High-end amenities at the property include a resort-style swimming pool, a state-of-the-art fitness center, a two-level clubhouse, and controlled access throughout. The design of Indigo 19 includes a fantastic combination of modern yet relaxed approaches, with bright, breezy design present across all shared spaces.
Apartment homes feature gourmet kitchens with granite countertops and stainless-steel appliances, open concept floor plans, included washers and dryers, expansive closets in master suites, 9′ ceilings, and private patios and balconies.
Virginia Beach is a resort city with miles of beaches and hundreds of hotels, motels, and restaurants along its Atlantic oceanfront. It is also home to three military bases, a number of large corporations, Virginia Wesleyan University and Regent University, as well as numerous historic sites. Mostly suburban in nature, the city, though, is the most populous in the State, and was dubbed the ‘Best Huge City to Live In’ by WalletHub in July 2019 due to the highly educated population, outstanding healthcare, and affordability.

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