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Greystar on Campus Case Study

BOWLES HALL - UNIVERSITY OF CALIFORNIA, BERKELEY

Project Overview

Bowles Hall is UC Berkeley’s first P3 residential project. The project was spearheaded by the Bowles Hall Foundation, a private non-profit entity dedicated to returning Bowles Hall to its original use as a Residential College. The Foundation entered into a long-term ground lease with UC Berkeley and retained our team as the project developer and manager. This project is a total renovation of an existing 1928 historic residence hall. The building is on the UC Berkeley campus and the National Register of Historic Places.

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Project Specs

Beds | Units: 192 | 118

Gross Size: 57,702 square feet

Room Styles: Single & double bedroom units

Amenities: Dining hall, library, game room, historic lounge

Completion: 2016

Cost: $35.9 million

Developer: Greystar

Manager: Greystar Student Living

Residence Life: Bowles Hall Foundation

Owner: Bowles Hall Foundation

Financing: Tax-exempt Bonds