A three-story, 103,000-square-foot laboratory and research building project got under way this spring at the University of California, Merced. Called the Science and Engineering Building 2 and designed by Smith Group JJR, it will complete the academic core around the campus quad. General contractor McCarthy Building Companies is managing the $88 million project, as well as the $10 million Recreation Center North project, a 19,000-square-foot facility designed by WRNS Studio, which recently had its final structural beam put in place.
It’s no trade secret that there is a growing trend of colleges using developers to construct student housing. A number of universities, particularly public institutions, are finding it advantageous to work with large real estate developers.
However, based on my years of experience, the advantages of working with private developers go well beyond public universities and construction of student housing.