Winter Park Construction (WPC) Awarded $40.7 Million Off-campus, 3-site Student Housing Project at Florida State University

04/04/2013

ORLANDO, Florida- Winter Park Construction (WPC), one of the nation’s most respected general contractors and leading student housing construction companies has been selected by The District Joint Venture, LLC to build a 3-site student housing/mixed-use complex in Tallahassee, Florida – District East, District West and Woodward. Designed by architect M+A Architects, the podium-style, fast-track projects are scheduled for completion in mid-2014 and will be home to more than 712 students at Florida State University.

The largest of these projects, $20.4 million District East, will be a 4-story wood-framed building atop 1 level of cast-in-place parking and nearly 18,000 square feet of retail space. District East will house 220 units and 348 beds amid 235,000 square feet of residential space featuring luxury amenities including a zero entry resort-style pool, exercise room, clubhouse and public gathering place.

$11.5 million District West, is similar in construction and amenities to District East yielding 113 units and 232 beds within 140,000 square feet of residential space, as well as over 15,000 square feet of retail space and precast garage parking. The constructed frontage hardscape of both District East and West will be consistent with Tallahassee’s Gaines Street District redesign initiative.

Among 4 acres, $6.2 million Woodward will boast 54,000 square feet of residential space including 33 units and 132 beds, as well as 8,000 square feet freestanding, 2-story commercial building. Woodward will feature well-appointed hardscapes and landscapes with ample lawns for sunning, as well as a 138-space parking garage.

The District Joint Venture, LLC, a partnership of Cincinnati-based North American Properties and Uptown Rental Properties, LLC, chose WPC as its builder because of their student housing and multifamily unit­­ construction experience and their reputation for Building Beyond the Blueprint™ - their uncompromising commitment to quality and customer service.

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About Winter Park Construction
For 39 years, Winter Park Construction (WPC) has delivered innovative thinking and outstanding customer service to clients in the construction industry, with more than $150 million in annual revenue and over 1.5 billion square feet of projects completed to date. WPC's credibility and capacity spans over 24,000 multifamily units, 12,000 timeshare units and 2,500 hotel rooms. WPC provides pre-construction, general contracting, and construction management services throughout the US. Areas of new construction and renovation specialization include student housing, senior living, multifamily, military housing, hotels and resorts, timeshares and commercial building.

About North American Properties
Founded 1954, North American Properties is a privately-held, multi-regional real estate operating company that has acquired, developed and managed more than $4 billion of retail, multifamily, mixed use and office properties across the United States.

About Uptown Rentals
Uptown Rental Properties was established by Dan Schimberg in 1985 to fill a niche in off-campus student housing. Using a formula based on product quality, management expertise, and unsurpassed customer service, Uptown has grown to become the Cincinnati’s premier student housing operator. Today, Uptown is one of the most active real estate development companies in the area, as well as, one of the largest apartment owners, with over $175 million in assets. Additionally, the portfolio has expanded to include conventional multifamily, mixed use, office and retail space, totaling more than $23 million in annual revenues.

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