Beal | Derkenne Construction has entered a pre-construction agreement for a student housing project in Tucson.
The project, Park Avenue, is being developed by Campus Acquisitions (CA) of Chicago.
Work is scheduled to begin in 1Q 2013, with completion expected to be finalized by 3Q 2014.
Park Avenue is representing the second phase of a student housing project close to the University of Arizona.
Park Avenue, bordering the UA campus, will allow Beal | Derkenne to go beyond the realm of ordinary student living by being part of the extensive, high end, luxury, student housing project, which will be home to 386 student residents with 166 units in total.
“Campus Acquisitions is pleased to announce the start of its second high-rise, luxury student housing project at the University of Arizona, adding to CA’s legacy of building the premier buildings on campuses nationwide,” said Stephen G. Bus, VP Acquisitions & Development of Campus Acquisitions.
“We are looking forward to work with BDC on an exceptional project with a demanding schedule and trust BDC’s experience to deliver with their remarkable standards.”