Page 14 - RISE Company Overview - On-Campus Focus - May 2022

APPALACHIAN STATE UNIVERSITY
On-Campus Student Housing | Boone, NC

PROJECT OVERVIEW PROJECT DESCRIPTION

Total Bed Count: 2,303 • Following a nationally competitive RFP process, App State selected RISE as their
Gross SF: 755,000 SF P3 partner to implement a complete housing transformation through a multi-phased
Total Cost: $215M approach to replace all of the traditional dorm housing on their campus with 2,300+ new
suite-style beds by Fall 2022
Phase I Phase II Phase III • Extensive Living-Learning programming to support and enhance ASU’s industry leading
freshmen retention rate of 89%
Final Cost $83,791,577 $56,528,054 $75,000,000
Phase I: Raven Rocks and Thunder Hill Halls
Total Sq. Ft. 240,568 155,000 204,492
• Construction Duration: February 2019 - August 2020
Beds 912 638 753 • 477-space parking deck delivered on August 2019 to free up surface parking lots for
Start Date Feb 2019 Feb 2020 Dec 2020 new construction ($11.1M)
• Two residence halls with 912 beds totalling 240,568 SF delivered on-time and on-
Delivery Aug 2020 Aug 2021 Aug 2022 budget for Fall 2020 amid the COVID-19 pandemic
Architect: Niles Bolton Associates • Included a $4.5M campus steam infrastructure project
General Contractor: Choate Construction
Services Provided: Project Financing, Turnkey Phase II: Laurel Creek Hall
Development Services, Construction Management, Delivery • Construction Duration: February 2020 - August 2021
Date and GMP Budget Guarantee
• Delivery of 638-bed, 155,000 SF residence hall delivered on-time and on-budget for
Fall 2021
Reference: Matt Dull
Associate Vice Chancellor for Finance & Operations • Demolition of one campus dorm for Phase 3 building pad
Appalachian State University Phase III: New River Hall
(828) 262-2060 | dullmc@appstate.edu
• Construction Duration: December 2020 - August 2022
• 753-bed, 204,492 SF residence hall currently on-time and on-budget for Fall 2022
delivery
• Abatement and demolition of four remaining campus dorms