The University of Arizona Honors Village demonstrates
unparalleled focus on academic success
A creative series of chain reaction ribbon cuttings connected
key areas of the multi-purpose Honors Village at the University of
Arizona yesterday to commemorate the new living-learning student
community.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20191106005939/en/
Thomas Harris, U of Arizona Assist.
Athletics Director for Diversity, Inclusion, and Engagement, Jessy
Forelli, Honors College Class of 2020, Dr. Larry Edward Penley,
Arizona Board of Regents Chair, Dr. Robert C. Robbins, U of Arizona
President, Dr. Terry L. Hunt, Honors College Dean, Dr. Cheree
Meeks, Senior Director, First Year Experience Honors College, Bill
Bayless, American Campus Communities CEO. (Photo: Business
Wire)
Located in the North District of one of the University of
Arizona’s four residential districts, Honors Village is a 6-story
modern residential tower that provides suite and semi-suite units
for more than 1,000 honors college students. The 341,292-sq-foot
complex, developed by American Campus Communities (NYSE: ACC),
provides on-site honors classrooms, collaboration spaces and
offices for faculty and staff. Honors Village will also include a
Recreation and Wellness Center incorporating a Campus Health
Counseling & Psych Services (CAPS) neighboring building, a
370-space parking structure, and off-site improvements to the
surrounding streets, sidewalks, and landscaping.
“By partnering with American Campus Communities, the University
of Arizona was able to apply creative solutions to develop a
living-learning community that is an immersive honors college
experience for our students,” said the University of Arizona
President Dr. Robert C. Robbins. “ACC’s expertise and knowledge,
combined with our commitment to academic success, are demonstrated
through this collaboration that we hope will further contribute to
students’ skills, academic journey, and personal achievements in
tomorrow's careers.”
Designed by STG Design, Honors Village is pursuing LEED®
Certified Silver. This new residential community offers first-time
and returning honors students a total of 1,056 on-campus beds in
suites and in semi-suites.
“Honors Village provides the essential resources and community
atmosphere to keep up with the demands and needs of talented Honors
students at the University of Arizona while offering price points
comparable to the market,” said Chief Executive Officer of American
Campus Communities Bill Bayless. “We look forward to continuing our
long-term partnership efforts with the University of Arizona to
offer quality purpose-built communities that fuel student academic
and personal achievement."
On-site amenities include indoor recreation rooms, an interior
courtyard, student lounges, community kitchen and in-dorm dining at
Arizona’s newest eatery ‘85 North. All amenities, including the
dining facility’s first floor, are open to all students, faculty,
and staff.
"This project has revitalized the northern edge of the
University of Arizona campus and has helped pay for improvements to
city infrastructure, creating a win for the university, the city,
and the neighborhood," said Tucson Mayor Jonathan Rothschild.
To be a resident at Honors Village, students must apply and be
admitted to the Honors College by first completing the University
of Arizona admissions application. The profile of this year’s 2019
UArizona’s honors students boast an average GPA of 3.89, an average
SAT comp of 1409 and an average ACT comp of 31, all showing an
increase over last year’s entering class.
“Living in Honors Village gives me the opportunity to belong to
a strong and supportive community,” said Chris Brown, an Honors
junior with a world-leading management information systems major.
“Between my extra curricular activities, class time and work, the
amazing amenities and learning spaces, Honors Village makes it easy
to help me be my best self and to prioritize studying.”
This is the first public-private development partnership for the
University of Arizona with American Campus Communities. The
transaction for the Honors Village residential tower was structured
under the American Campus Equity (ACE)® program, a public-private
partnership that provides on-campus housing to universities without
using school funds or tax-payer dollars. Universities are able to
expand and modernize their student housing portfolios without using
their financial resources while allowing ACC to offer affordable
rents to residents by delivering high-quality student housing with
lower development costs and operating expenses.
About American Campus Communities
American Campus Communities, Inc. is the largest owner, manager
and developer of high-quality student housing communities in the
United States. The company is a fully integrated, self-managed and
self-administered equity real estate investment trust (REIT) with
expertise in the design, finance, development, construction
management and operational management of student housing
properties. As of September 30, 2019, American Campus Communities
owned 168 student housing properties containing approximately
113,400 beds. Including its owned and third-party managed
properties, ACC's total managed portfolio consisted of 205
properties with approximately 140,300 beds. Visit
www.americancampus.com.
About the University of Arizona
The University of Arizona, a land-grant university with two
independently accredited medical schools, is one of the nation's
top public universities, according to U.S. News & World Report.
Established in 1885, the university is widely recognized as a
student-centric university and has been designated as a Hispanic
Serving Institution by the U.S. Department of Education. The
university ranked in the top 25 in 2018 in research expenditures
among all public universities, according to the National Science
Foundation, and is a leading Research 1 institution with $687
million in annual research expenditures. The university advances
the frontiers of interdisciplinary scholarship and entrepreneurial
partnerships as a member of the Association of American
Universities, the 62 leading public and private research
universities in the U.S. It benefits the state with an estimated
economic impact of $4.1 billion annually.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20191106005939/en/
Kevin Hall 520-621-2626 jkh@email.arizona.edu University of
Arizona
Gina Cowart 512-657-0925 gcowart@americancampus.com American
Campus Communities
American Campus Communit... (NYSE:ACC)
Historical Stock Chart
From Jun 2024 to Jul 2024
American Campus Communit... (NYSE:ACC)
Historical Stock Chart
From Jul 2023 to Jul 2024