Signet Development has broken ground on a $130m project to build a residential housing village at the Rootstown campus of the Northeast Ohio Medical University (NEOMED) in the US.
The project is part of the university’s master expansion plan to transform its footprint over the next two years.
Upon completion, the current construction projects will more than double the area of the university’s existing 450,000ft² campus.
As per the deal, Signet will provide development and finance services for the project, which includes the direction and oversight of all design, construction, finance and management activities.
Under the project, three 270,000ft² four-storey buildings will be built on the northwest corner of the university’s campus.
The buildings will feature nearly 350 single and double bedrooms and 185 units to house about 340 residents.
The buildings will also include group study areas on each floor, a large recreation area, and a game room in the main building. Each of the units will feature a private study area, bathroom and walk-in closet.
Every building is designed and engineered to minimise sound transfer between units.
The village will also feature private parking and paved walkways for easy access to existing campus facilities.
Scheduled to be completed in the fall of 2013, the housing units will be available for lease to all students and the university community at large.
In 2011, the university broke ground on a four-storey, 80,000ft² research and graduate education building.
Image: The construction of the residential housing village will more than double the area of university’s existing 450,000ft² campus. Photo: Northeast Ohio Medical University.