CMU 2819 - Centennial Village Student Housing AE

Colorado Mesa University welcomed its largest class of in-coming freshman and new to CMU students on August 16, 2024. The number of new freshmen increased by 30% while overall growth in enrollment is hovering around 6%.
Increased enrollment results in greater demand for on-campus housing, especially with the current high cost and scarcity of affordable housing opportunities for students competing with the public in the surrounding area for off-campus housing. Current high rental costs in the community have added another layer of complexity for students wanting to live off campus as well, thus placing a higher demand for on-campus housing that presents a more affordable solution.
This current phase of student housing proposes between 316 and 324 beds in a four or five story, ±105K – 128k sf facility that will be located within CMU’s new Formation District. The five-story option would provide ground floor tenant finish retail, while the four-floor option proposes a utility basement.
The Fixed Limit of Construction costs has been set at $42,500,000.
Design is projected to begin in early October 2024 with construction of foundations to follow in January 2025. The preferred delivery date for Centennial Village is prior to the start of the fall semester, August 2025. An alternative though much less desirable finish date for the project would be prior to the start of the spring semester in January 2026. The final schedule will be developed with the AE team, CM/GC and Colorado Mesa University.