Corvias selected as campus planning partner for Detroit’s Wayne State University

EAST GREENWICH – Corvias Group has announced it will enter into a 40-year partnership with Wayne State University in Detroit, to develop, manage and maintain its student housing.
The program will allow the public university to eliminate $102 million in debt, and develop 842 new beds, according to a news release. The program also will include renovation of 3,100 existing beds.
The university, which has 17,600 undergraduates, in 2014 initiated a market analysis of student housing demand, and determined it needed 3,800 beds on campus by 2020, or 800 fewer than existing stock.
The program it developed as part of a master plan called for $90 million in new construction and $130 million in renovations.
The university selected Corvias as its campus planning partner, according to the news release.
In 2014, Corvias entered into a similar, $548 million arrangement with the University System of Georgia Board of Regents, which oversees nine state universities.

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