Terra State Community College

Fremont,

Student Housing And Retail Preliminary Assessment, Implementation Advisory Services, And 501(C)(3) Certification Assistance

In 2012 Terra State Community College retained B&D to conduct a housing and retail preliminary assessment for the proposed Terra Village project. The college did not have any on-campus housing and possessed limited retail options. Anticipated to be located along the western edge of campus on State Route 53, the initial project concept included student housing in a variety of configurations (a mix of one-, two-, and four-bedroom apartment units), potential faculty/staff transient housing, and retail options. The preliminary concept was identified in the Vision 2016 Master Plan that the College completed earlier in the year. During its preliminary assessment, we completed a a strategic asset visioning session with the President’s Leadership Council to establish the project’s strategic drivers; focus group interviews with students, faculty, and staff to understand housing and retail preferences; an off-campus housing market analysis to assess the costs, amenities, occupancy rates, and other key metrics of the local off-campus rental market in Fremont, Tiffin, and Port Clinton, Ohio; an electronic student and faculty/staff survey to quantify housing and retail preferences and to analyze price sensitivity; a student housing demand model to project demand for the project by bed type; and a retail demand model to determine retail demand for the project by retail type and user groups. We determined that there was maximum demand for approximately 400 apartment-style student beds and 7,500-10,000 GSF of retail space. Due to existing campus and market conditions, we recommended that the project be built in at least two phases, incorporating parking with housing and retail. We were retained again in 2013 to advise the college regarding potential ownership and management structures, as well as financial and funding options. In addition, we developed a schedule detailing all tasks, documents, permits, and meetings to be completed in sequential order, with adequate reviews and approval periods.

In 2014 we were re-engaged to lead the development of a non-profit ownership entity, complete detailed programming, conduct a competitive selection process for architecture and engineering services, and perform other pre-implementation services relating to the project. We also were tasked with leading the process of creating a 501(c)(3) non-profit corporation to help implement this housing project. Through weekly project meetings with senior administration and external legal counsel, we served as the college’s advisor during development of the articles of incorporation, code of regulations, director resolutions, and other associated documents. The organization―Terra Village Holdings―was officially recognized as a non-profit (tax-exempt) organization in 2015. Terra Village, a 200-bed mixed-use housing project, will open in 2018.

PLANNING ESSENTIALS FOR COMMUNITY COLLEGE STUDENT HOUSING

Presented by Kim Martin and Richard Rieth at the 2015 SCUP North Central Regional Conference.

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TERRA LOOKING AT NEW HOUSING

President Jerome Webster told Terra State Community College’s board Wednesday the school is interested in building an on-campus housing/retail complex that could house up to 200 students in its initial phase.

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TERRA BOARD LOOKS AT PRELIMINARY HOUSING AND RETAIL ASSESSMENT

With its current enrollment numbers, Terra State Community College could support 400 student housing units and 7,500 to 10,000 square feet of retail space if the college’s board of trustees decided to move forward with construction of an on-campus student village.

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TERRA BOARD LOOKING AT EARLY STUDY ABOUT HOUSING AND RETAIL

In conjunction with its Vision 2016 strategic plan, Terra State Community College is taking a preliminary look at future on-campus housing and retail possibilities located in a “Terra Village” through a new market study.

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