EdR and Boise State Complete Agreements for $39.7 Million On-Campus Housing Development

Boise, Idaho — EdR has completed agreements with Boise State University for the $39.7 million development, construction and management of honors college and freshman housing on the Boise State campus.

Construction will begin this year, aiming for a July 2017 completion date. The on-campus development will include a four-story building with a 305-bed honors college and 351 additional beds devoted to a freshman live-learn community. Situated on campus adjacent to the Student Union Building and the Recreation Center, it will also include a dining component.

Upon completion, EdR will own the residence hall under a 50-year ground lease with Boise State and will manage the facility, while Boise State will provide residence life services.

EdR will complete the development through its On-Campus Equity Plan — The ONE Plan — that uses the company’s equity and financial stability to fund projects on university land. This program gives the university access to a single partner, and creates long-term financial benefits for Boise State and EdR.

EdR was chosen by Boise State in November 2014 through a competitive process to execute all the aspects of this development — design, construction, finance and management. The project’s design team will be led by LCA Architects of Boise, Idaho, and includes Ayers Saint Gross of Phoenix, Arizona. Rimrock Construction of Draper, Utah, was selected as general contractor.

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