JV starts work on Texas student housing expansion

Balfour Beatty Campus Solutions has reached financial close on the third phase of Northside, a mixed-use student housing community for The University of Texas at Dallas.

The $38 million expansion of the development with the firm’s partners — Dallas-based developer Wynne/Jackson and equity partner Star America — will add an additional 370 beds to the community.

The third phase of the project will include mid-rise apartments located on a 5-acre lot adjacent to Phase 2, as part of the dynamic Northside community that serves the more than 25,000 students, faculty, staff and young professionals of the University and greater Richardson, Texas, area. Upon completion, the apartments will be leased and managed by Balfour Beatty Communities, as with the Phase 1 and 2 units.