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NEOMED_Housing

The Village at NEOMED, Northeast Ohio Medical University

 

VISION
The project, currently under construction, is part of Northeast Ohio Medical University's (NEOMED) master expansion plan, which includes more that $130 million in construction currently planned for the Rootstown campus.  When completed, the current construction projects will more than double the University's existing 450,000 square foot campus.  As part of a long-term partnership, Signet will provide NEOMED with comprehensive, turnkey development and finance services for the project, which includes the direction and oversight of all design, construction, finance, and management activities.

 

PROJECT OVERVIEW
The project is the University's first on-campus residential housing and will include the construction of three, four-story buildings, which will be located on the northwest corner of the NEOMED campus.  The 270,421 square foot luxury residential housing village will include private parking and paved walkways for easy access to existing campus facilities.  There will be 185 units that will house approximately 340 residents.

 

DELIVERY
The 270,421 square foot luxury residential housing village will include private parking and paved walkways for easy access to existing campus facilities.  Ther will be 185 units that will house approximately 340 residents.  Each one and two-bedroom units will be fully furnished with living room furniture, kitchen appliances, and a washer and dryer.  The units provide each resident with a private study area, bathroom and walk-in closet.  The buildings include group study areas on each floor, a large recreation area, and a game room in the main building.  In addition, each of the three buildings were designed and engineered to minimize sound transfer between units to ensure the privacy of each resident.  The project will be available for lease to all students and the University community at large beginning the fall of 2013.

 

FINANCING
Signet arranged all project structuring, financing, design, development and construction of the new facility.

 

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