Harrison Street and Radnor Property Group form PPP with App State to build on campus housing

Harrison Street and Radnor Property Group have formed a public-private partnership (PPP) with Appalachian State University (App State).

Under the joint venture partnership, Harrison Street and Radnor will finance the university’s first on-campus employee housing project, comprised of five multistory buildings with 156 purpose-built housing units that are expected to be completed in the fall of 2025. Financing will be delivered under a unique 501c3 ownership structure to enhance affordability.

Located within App State’s new Innovation District, the development project will support the university’s continued growth and help meet university employees’ housing needs amid housing scarcity and cost inflation in the region. The project is part of a larger first phase of the university’s Innovation District, which is anticipated to be carbon and net zero, which will create at least as much energy as it consumes through renewable sources, and which will begin to trans