- Location: College Park, MD
- Deliver Year: 2010
- Beds: 2195
- Size: 764,654 sq/ft.
- Transaction Type: NFP / Tax-Exempt
- Construction Duration: 14 months
- Unit Type: Apartments
At the University of Maryland Capstone built seven residential buildings in four phases on the southern edge of the campus over a 10 year period between 2000 and 2010, to help UM address its chronic need for upper-division apartment-style housing. The architectural concept of South Campus Commons features apartment-style housing with full kitchens, common spaces, lobbies, lounges and offices. Building 7 is registered with the US Green Building Council and it achieved LEED Gold certification. Completion of Building 7 in 2010 brought the South Campus Commons community to almost 2,200 beds of housing developed by Capstone.
South Campus Commons has been the standard for high-quality housing developed and operated through a public-private partnership. After completion of the phase IV, South Campus Commons was named the student housing project of the year by Multi-family Executive Magazine for 2010. South Campus Commons is one of the best-known Housing PPP’s in the U.S. The Capstone team worked closely with UM to arrange tax-exempt bond financing for this project. UM did not have to invest any funds, or guarantee the debt or the occupancy of this $142 Million development.
