California State University, Bakersfield

Bakersfield,

Student Housing Feasibility Analysis

In 2010 California State University, Bakersfield needed to confirm the demand for new student housing and look at the financial feasibility of such a development. At the time it had a 40-year-old, seven-building housing and dining complex that was no longer meeting the expectations of current students and faced significant deferred maintenance costs. B&D was chosen to perform this analysis. Our work plan included an analysis of the existing student body, an off-campus housing market analysis, a demand analysis from the potential student market, a program of options for costs, and a financial model to understand the operating parameters of the project. As a result of our study, we were able to generate a program comprised of semi-suite units with 500 revenue-generating beds and 12 resident advisor beds. As a result, the $41.3 million facility—Student Housing East—opened in 2015.