Sac State leaves its commuter college identity in the past and builds for the future

Project Highlights

  • The project will be the first P3 at Sac State, and Greystar will develop, build, 100% finance, operate, and manage the project.
  • Students will enjoy a café, fitness center, outdoor pool, sand volleyball, bocce court, barbeques, and parking for cars and bicycles.

Sacramento State University

Mixed-Use Development Advisory

As the sixth-largest campus in the CSU system, Sacramento State is experiencing record enrollment. The university embarked on an ambitious plan to develop multiple student housing developments through public-private partnerships, with an eye toward accommodating students from beyond the local market.

The 2015 Campus Master Plan laid out the importance of increasing and improving the campus’s upper-division student housing offerings. Sac State partnered with B&D to develop initial concepts and analyze financing options. The university decided to move forward with an apartment community of 1,000+ beds, delivered through a P3 equity structure with Greystar Real Estate.

B&D identified the critical path items and developed an adaptable schedule. As a result of this deliberate planning, it took just two years to get CSU Board of Trustees approvals on the ground lease, a process that typically takes much longer.

The $164M, 360,000-square-foot project will boast 1,100 new apartment-style beds in a mix of studio, two-, and four-bedroom units. Hornet Commons will be pedestrian-friendly and offer an affordable campus community to upper division students who want to stay close to the action. The project broke ground in 2019 and will open fall 2021.

Learn more about our diverse portfolio

Contact Us →