Gilbane Breaks Ground on $350 Million WKU Student Housing Project
Gilbane Development and Western Kentucky University have broken ground on The Southern Gateway, a $350 million student housing project scheduled for completion in fall 2028 under a public-private partnership.
Western Kentucky University and Gilbane Development broke ground on The Southern Gateway, an approximately 1,000-bed student housing complex valued at $350 million. Broeren Russo Builders serves as general contractor, while Gilbane Building handled early feasibility work. Operating under a public-private partnership with a 50-year ground lease with Collegiate Housing Foundation, the complex is scheduled to open in fall 2028.
Key takeaways
- The $350 million development replaces two older halls with 1,000 beds, debt defeasance, and campus renovations.
- The project utilizes a P3 model with a 50-year ground lease via nonprofit Collegiate Housing Foundation acting as owner and borrower.
Source：Construction Dive Read the original ↗
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