ISU picks Rhode Island developer for $100 million student housing project

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Gilbane Development’s Upper Level Student Housing project at George Mason University in Virginia, which was built using a public-private partnership. Details about the Gilbane’s winning bid at ISU were not immediately available. || GILBANE DEVELOPMENT CO.

NORMAL, Ill. (WGLT) — A Rhode Island developer has been awarded a $100 million student housing project at Illinois State University that’s expected to open in fall 2021.

Gilbane Development Co. was awarded the project, the Chief Procurement Officer for Public Institutions of Higher Education announced Friday. ISU also said for the first time that the project will be built on the land formerly occupied by the Aktin-Colby and Hamilton-Whitten dorms at the southwest corner of campus, between Main and University streets.

Gilbane, based in Providence, is one of the largest privately held family-owned construction and real estate development firms in the industry. The runner-up was Texas-based American Campus Communities.

Friday’s award announcement disclosed an estimated project cost of $100 million. ISU says “the project has not been fully developed and an accurate estimate of cost is not available.”

Details about the Gilbane’s winning bid were not immediately available.

For the full story, head over to our news partner WGLT’s website.

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