Honoring the usage of sustainable design and construction completed by Capstone Development Partners, CORE Construction and Shepley Bulfinch
BIRMINGHAM, AL & PHOENIX, AZ – Lantana Hall at Arizona State University’s Polytechnic Campus has been awarded the 2021 Student Housing Business Innovator Award for Best Use of Green & Sustainable Construction/Design. The Student Housing Business Innovator Award honors excellence in development, architecture/design, and sustainable design in student housing properties, on- and off-campus. The project was selected among 140 student housing developments submitted for a total of 25 award categories. Entrants into the category were judged on multiple criteria including: how the use of green and sustainable construction and development served the mission of the university as a forward-thinking institution; how the use of green and sustainable construction and development will help achieve operations and management cost savings both short and long-term; specific LEED rating achieved; and number and scope of green & sustainable construction & development features in the project.
Capstone Development Partners and its capital partner Harrison Street Real Estate Capital, along with Arizona State University (ASU), engaged the design-build team comprised of CORE Construction and Shepley Bulfinch to develop Lantana Hall, for a fast-tracked project that commenced design in November 2018. Completed in the summer of 2020, the LEED Platinum certified student housing project, and the only on any of ASU’s campuses, is an example of how a public-private partnership and integrated design-build team can come together to create an important, sustainable piece of campus fabric.
“Capstone is honored to partner with ASU and our design-build team comprised of CORE Construction and Shepley Bulfinch to deliver the first LEED Platinum residence hall on any of the ASU campuses. From the onset, our collective team placed great emphasis on sustainability goals, and we are pleased to have delivered a project that achieved those goals. We commend CORE, Shepley Bulfinch, and all of its consultants in designing and constructing such a quality, sustainable project that will serve ASU and its students for decades to come,” said William Davis, Chief Development Officer at Capstone Development Partners.
When work began in 2018, the integrated developer-led design-build team sought to continue ASU’s efforts as a leader in sustainable campus design using only sustainable concepts, materials and construction methods throughout the project. These efforts included adding large windows to provide natural light, integrating biophilic elements like preserved moss in common spaces, and designing bedrooms to enhance occupant comfort and wellness. The design-build team worked closely together to utilize innovative construction methods, such as utilizing a prefabricated wood structure which not only reduced the carbon footprint on the building, but also greatly reduced waste during the construction process. All work on the ASU campus targets LEED Silver certification. From day one, the design team sought to create a sustainable project that fit within a constrained budget, and successfully exceeded the team’s initial goal of LEED Silver. The project was awarded a LEED for Homes Platinum Rating shortly after completion in the fall of 2020, the first of such for a housing project at the university.
Lantana Hall was developed by Capstone in a P3 collaboration with Arizona State University and was financed with 100% equity through Capstone’s P3+ financing program with Harrison Street. Lantana Hall is maintained and operated by ASU in collaboration with Capstone Management Partners. Other key partners included Peterson Associates for M/E/P and PK Associates for Structural Engineering and DIG Studio for Landscape Architecture, Sheward Partnership, Energy Modeling, Civil Design, Green Insight and LEED Consultant.
About Shepley Bulfinch: Shepley Bulfinch is a national architecture and design firm with offices in Boston, Houston, and Phoenix. Founded in 1874, the firm has a notable legacy of challenging convention, pioneering visionary design ideas, and collaborating with clients who seek to drive measurable change. Shepley Bulfinch architects and designers are regarded for their award-winning library designs and for their expertise in tackling complex projects, especially in the areas of education, healthcare, and urban development.
About Capstone Development Partners: Capstone Development Partners, LLC is a leading student housing developer in the on-campus and university-affiliated student housing market. The company has offices in Birmingham, Alabama and Denver, Colorado. Its principals, Jeff Jones and Bruce McKee, have 50 years combined experience as leaders in the higher education student housing sector specializing in the development and management of on-campus student housing through Public-Private Partnerships. Since 1997, the principals of Capstone have partnered with 70 public and private colleges and universities and delivered more than 46,000 beds of student housing nationwide.
About CORE Construction: CORE’s rich history started with one key moment in 1937, when our founder, Otto Baum, applied for a loan to start a masonry company. He had nothing to use as collateral except for his proven character and exemplary reputation. When the bank manager asked the loan officer why they should consider Otto’s request, the officer simply replied, “I trust him.” This event sparked the beginning of CORE Construction, which has grown to 25 offices in 9 states, supported by over 1,200 employees and a strong culture built on the same trust Otto started the company with in 1937. CORE has a proven track record of providing the highest level of professional services in the construction industry to a wide range of clients in the education, municipal, healthcare, and commercial markets throughout the United States.