Academic Privatization,LLC

Projects

Salisbury University
Salisbury, Maryland

University Park Phase I

 

 

 

 

 

 

 

Comments:

A privatized partnership was finalized between Academic Privatization, LLC and Allen O'Hara Education Services, LLC, Salisbury University, and the State of Maryland. Under the terms of the Agreement, Academic Privatization, LLC provides student residence facilities on the Salisbury University campus, the financing of which was accomplished through issuance of tax-exempt bonds.  Proceeds from the bonds were used to finance the development, design, and construction of the project. The Class A project broke ground July 25, 1999 and was completed in August 2000 and consists of 576 beds in a seven building, 3-story garden apartment complex located on 12 acres on-campus. Adjacent to Phase I, the Phase II fast-track project broke ground in August of 2003 and was completed in May 2004.

 

University Park Phase II

 

 

 

 

 

Project Description

Location: Salisbury University, Salisbury, MD
Name: University Park Apartments
Developers: Academic Privatization of Maryland, LLC
Allen & O'Hara Education Services, LLC
Beds: 888
Stories: 3
Gross SQ. FT: 293,205 sq. ft.
Completed: Phase I:  August, 2000           Phase II:  August, 2004
Room Style: 4bed/4bath, 4bed/2bath, 2bed/2bath 
Amenities: Each apartment is fully furnished, has private bedrooms, living/dining area and a full kitchen with washers and dryers. Each bedroom is directly connected to the University’s fiber optic data network. The clubhouse includes management offices, a multimedia room, exercise facility, lounge area, billiard room, dining area, computer center, swimming pool, sand volleyball, picnic tables, and BBQ grills.

2005 Academic Privatization, LLC