Louisiana State University

Baton Rouge,

Mixed-Use Campus Edge Development Advisory Services

Client Opportunity

  • Design an implementable, long-term strategic plan that would transform the Nicholson Drive corridor―the largest underdeveloped tract of university-owned property adjacent to the campus core― into a mixed-use gateway development
  • Assess the benefits of implementing the project through a public-private partnership

B&D Process

  • Led a project definition exercise with university stakeholders and leadership that refined the development concept and produced agreed-upon roles within the development structure
  • Managed the process that led to the selection of a private partner
  • Formulated an assessment that reduced risk and drove value for both the public and private partners
  • Assisted the university in reaching a successful financial close and ultimate groundbreaking for Phase l and Phase ll of the project
  • Assured compliance with the development program and ground lease requirements

Project Highlights

  • $500M P3 development in partnership with RISE: A Real Estate Company
  • 5,000 new beds of student housing
  • 50,000 square feet of retail
  • A campus recreation facility and an 800-car parking garage
  • Roadway and infrastructure enhancements
  • One of the largest projects ever constructed in Baton Rouge
  • Phase l scheduled to open fall 2018; Phase ll fall 2019