New Residential Village

University of Washington Bothell

  • Location: Bothell, WA
  • Deliver Year: 2024
  • Beds: 1055
  • Size: 305,000 sq/ft.
  • Transaction Type: P3+ Private Equity
  • Construction Duration: 34 Months
  • Unit Type: Traditional Units, Suites, Apartments
  • Amenity Spaces:
    Dining, Office, Lounges, Community Kitchen, Study

The University of Washington Bothell is partnering with Capstone Development Partners to redevelop and campus’ existing Husky Village into a mixed-use development. The Project includes the design, financing, construction, and shared management of approximately 300,000 GSF of new development located on the campus of UW Bothell.  This mixed-use development will transform the Husky Village site into the new front door to the campus incorporating enhanced public transit and cycling mobility which enables a vibrant, pedestrian-oriented environment along Beardslee Boulevard, through Husky Village, and into the campus core via the campus promenade. In addition, the Project includes the phased demolition of the existing Husky Village (300 beds) and delivery of 1,055 housing beds along with residential amenity and support spaces, extensive onsite and offsite improvements, a new 15,000 square foot student dining facility to serve the entire campus and approximately 20,000 square feet of office space to house UW Bothell student services functions such as Admissions, Enrollment Management, Fiscal Services, Residential Life, Commuter Services, and the Welcome Center to be completed in two phases by Fall 2024.  The 3, six-story mixed-use residential buildings are designed with specific unit types ranging from traditional residence hall-style, suites, and apartments to housing for all students ranging from first-year through graduate students.  Each building, and the standalone Dining Hall, are designed to achieve a LEED Gold certification.

Demolition of the existing residence halls is planned in stages and construction will begin in fall 2021. The first phase of construction was completed in Summer 2023, providing Terrace Dining Pavilion and Summit Hall, the first of the residential buildings. The final phase of the village will be complete by fall 2024, providing two additional residential buildings. The strategy behind the phased approach is that it allows UW Bothell to continue its residential life program by offering some student housing during the construction period.

The project achieved financial close in October 2021 and is financed with 100% private equity through Capstone-Harrison Street. Capstone will provide asset management services and building and facility maintenance through its management entity, Capstone Management Partners.