PROJECTS: UNIVERSITY OF TEXAS AT DALLASNorthside, Phase 1
- Location Richardson, Texas
- Apartments 595 Beds
- Operating Structure Balfour Beatty Operated
- Finance Structure Balfour Beatty Equity
- Value $52M
- Year Completed Fall 2016
Lacking a campus “downtown,” University officials wanted to develop mixed-use facilities and provide residential and retail opportunities for students and faculty. Using traditional campus design standards and approval processes would have increased construction costs and lengthened the construction schedule.
The University’s excellent town and gown relationship enabled Balfour Beatty to propose rezoning the project site via the City of Richardson’s process rather than the University of Texas System building approval process. This approach was possible by addressing community concerns up-front. Community buy-in hastened the rezoning process to just 60 days, or half the time the average rezoning process requires. Phase 1 was delivered in the Fall of 2016, earning the Richardson “Edge Award” as the Commercial Real Estate Development of the Year.
Residents living at Northside enjoy a unique community-oriented lifestyle. An inviting outdoor “living room” with large pool, deck, and study areas provides ample gathering space directly adjacent to a relaxing community center that includes a fitness facility, theatre, and other amenities.