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Last Updated ( 07/19/2010 15:18 )
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DATE_FORMAT_LC2=Sunday,July 18 2010 07:00:00 PM
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EDR Developing Projects at Johns Hopkins, Texas
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A rendering of the new graduate housing project at Johns Hopkins University.
Johns Hopkins owns the land the new residence hall is being built on, but it is leasing it to a subsidiary of East Baltimore Development Inc. (EDBI), a nonprofit group dedicated to the city's urban revitalization. EDBI is partnering with Forest City Enterprises to redevelop 88 acres adjacent to Johns Hopkins' east campus. The residence hall will serve as the anchor for Phase I of the project, which is known as New East Side. It will ultimately contain 1,200 mixed-income homes consisting of new or renovated single-family homes, duplexes, townhomes, apartments and senior housing. The project will also contain 3 acres of green space and up to 80,000 square feet of retail space. At full build-out, the Sciencce + Technology Park will contain 5 buildings with 1.1 million square feet of laboratory space.
A concept rendering of the new residence hall at the University of Texas.
EDR is completing the project through its On-Campus Equity program. With this financing program, EDR provides the equity to construct a student housing community on university-owned land. Upon completion, EDR manages the community for an agreed-upon term, providing the university with new on-campus housing without the financial risk usually incurred by such a project.
— Coleman Wood
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