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CBG Begins University of California Student Housing Work

Notice to Proceed Received on 34-Acre, Nine-Building Project
December 13, 2018

DAVIS, Calif.—CBG Building Company received notice today to proceed on general contracting services for a $575 million student housing redevelopment at the University of California, Davis. The project includes the addition of 3,300 beds to the University's West Village in one of California's largest student housing projects to date.

CBG Begins University of California Student Housing Work Press Release Image

The Green at West Village

"CBG was an integral part of the team from project concept through ground breaking," said Derek Veerkamp, development manager at The Michaels Organization. "Working shoulder to shoulder with us through the entire design and financial closing ensured both were successful. Their professionalism and expertise directly resulted in this one-of-a-kind project starting."

CBG will deliver the project's first 1,000 beds in time for the start of UC Davis' 2020 school year. West Village is comprised of nine four-story buildings across 34 acres, as well as indoor and outdoor recreational and common spaces including a 10,000-square-foot community center housing a gym, common area, and student support services. The community will feature apartment-style units with private kitchens and baths. It is located within close proximity to local conveniences, restaurants, and Highway 113.

"We are proud to be a part of this large-scale project for UC Davis," said Michael Holk, senior vice president at CBG. "Our student housing expertise and experience put us in a great position to execute this project and deliver a high-quality addition to the university."

CBG's national student housing experience includes communities at the University of Kansas, George Washington University, the University of Maryland, the University of Virginia, and more. CBG and its family of companies has a storied history of working with The Michaels Organization, the parent organization for developer University Student Living.

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About CBG Building Company

Through a relentless pursuit of innovation, a steadfast commitment to quality, and active collaboration with clients, CBG has been delivering award-winning communities from coast to coast for more than 25 years. CBG's professional construction team builds more than 4,000 homes each year, providing high-quality, responsive service backed by a significant bonding capacity and national resources. CBG's experience spans a diverse portfolio of geographic areas and product types, including luxury, mixed-use, and affordable housing apartments, as well as campus housing, military family communities, and senior living facilities. Together, we draw on the knowledge gained through building more than 80,000 housing units since 1992. For more information, visit www.cbgbuildingcompany.com.

About University Student Living

University Student Living, LLC is the privately owned student housing company of The Michaels Organization. For 40 years, their organization has been guided by this principle: "Together, we build communities." It is this mission that has informed their development and management of communities throughout our portfolio. Their energy and focus is driven by the goals of stakeholders rather than shareholders. This important distinction empowers USL to customize projects and processes that are closely aligned with the mission, vision and resources of our university partners. It creates a dynamic environment where they share knowledge, ideas, and best practices with their partners, university officials, future residents, community organizations, stakeholders, and community members. The result is inspired living-learning environments that are brought to life through a clear vision and sound financial approach. For more information, visit www.universitystudentliving.com.

About UC Davis

Since first opening in 1908, UC Davis has been known for standout academics, sustainability, and Aggie Pride as well as valuing the Northern California lifestyle. These themes are woven into its 100-plus-year history and its reputation for solving problems related to food, health, the environment, and society. The 5,300-acre campus is in the city of Davis, a vibrant college town of about 68,000 located in Yolo County. The state capital is 20 minutes away, and world-class destinations such as the San Francisco Bay Area, Lake Tahoe and the Napa Valley are within a two-hour drive. For more information, visit www.ucdavis.edu.