CU Denver is seeking a real estate development partner in the first step of its facilities master plan.
The university has engaged JLL to solicit a private-sector partner for a development, operation and management opportunity on a parcel of campus at Walnut and 4th that includes the Campus Village Apartments and an undeveloped portion.
The apartments have 700 beds.
“It’s an attractive development opportunity for a partner to activate underutilized land with mixed-use development, enabling CU Denver to direct its focus and funding to its critical facility needs," said Bob Hunt, managing director with JLL’s higher education group.
The project will be structured as long-term land lease to the developer. Income from the public-private development will be used to fund new facilities for the campus, including a first-year housing and dining facility on the Auraria campus.
The partner will be selected by March 2019, according to the university.
This is the first step of the university’s Facilities Master Plan, which spans the next 10 years. The plan also includes a new engineering and physical sciences building.
“As Colorado’s only public urban research university, CU Denver is committed to its home in the heart of this vibrant city,” said CU Denver Chancellor Dorothy Horrell. “We’ve hired JLL to help us determine how we can maximize our real estate assets to the benefit of our students now, while ensuring our land is preserved for the needs of our university in the future.”
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Ranked by Student credit hours (Sept. 2016-May 2017)
Rank Institution Student credit hours (Sept. 2016-May 2017) 1 University of Colorado Boulder 850,580 2 Colorado State University 788,164 3 University of Colorado Denver | Anschutz Medical Campus 443,474 View This List