P3 to Break Ground on $210 Million Living-Learning Community at the University of South Carolina

Columbia, S.C. — A public-private partnership between Greystar and the University of South Carolina is set to break ground on Campus Village. The multiphase redevelopment will be located on the current site of Cliff Apartments at the northeast corner of Sumter and Whaley Streets in Columbia. The partnership will begin construction on the $210 million first phase of development in February 2020 with completion scheduled for fall 2022. When complete, the living-learning community will feature 1,800 beds, an academic support space, a dining hall, campus safety office, sundry store and coffee shop. Under the development agreement, Campus Village will be owned by the university and maintained by Greystar under a management contract. Housing operations and student support will be managed and provided by the university.

“The Campus Village project is especially close to my heart, as Greystar is headquartered just two hours down the road in Charleston, and we’re incredibly proud to partner with the University of South Carolina on an innovative development that will positively impact generations of future Gamecocks,” says Bob Faith, founder and CEO of Greystar. “Greystar’s University Partnerships team is working closely with USC to design and develop this transformational project, led by Senior Managing Director Julie Skolnicki, along with our local development team led by Managing Director Ben Liebetrau.”

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