Page 15 - RISE Company Overview - On-Campus Focus - May 2022

NEW JERSEY INSTITUTE OF TECHNOLOGY
On-Campus Student Housing & Retail | Newark, NJ

PROJECT OVERVIEW PROJECT DESCRIPTION

Total Bed Count: 548 • Construction Duration: May 2021 - August 2022
Gross SF: 265,000 SF
Total Cost: $95M • The program includes 548 beds in 176 units to house NJIT upperclassmen and grad
Architect: Niles Bolton Associates students
General Contractor: Terminal Construction • 2,145 SF of market retail space
Services Provided: Turnkey Development Services,
Construction Management, Delivery Date and GMP Budget • This program includes a mix of private and shared bedroom apartments and integrated
Guarantee, Ongoing Property Management structured parking
• Planning and design involved an interactive and collaborative virtual process with
Reference: Andrew Christ NJIT following a nationally competitive P3 procurement process during the COVID-19
Senior VP for Real Estate Development and Capital Operations pandemic
New Jersey Institute of Technology
(973) 596-5770 | andrew.p.christ@njit.edu • The new community addresses the important campus intersection of Warren and Wickliff
Streets with an 8-story tower of floor-to-ceiling glass at the community’s main entrance.
This prominent corner element serves as a campus beacon as well as captures and
maximizes views of New York City and Newark skylines from a common floor lounge on
each of the residential floors above the main entry
• The layout creates an attractive, elevated courtyard that opens to the west and will
enjoy abundant sunshine as well as provide residents with a fantastic open-air amenity
for student gathering, recreation, and engagement