West Virginia University says it’s partnering with Paradigm Development Group LLC to build a $70 million residential and retail complex called University Place.
Construction may take until fall 2014, but demolition of existing houses is set to begin soon — in late December or early January.
WVU said Friday it will immediately begin contacting students to help them find other housing for the spring semester.
This week, WVU’s Board of Governors approved a $14.5 million real estate deal with Paradigm and RCL Holding for 39 parcels across the run-down section of Morgantown dominated by student housing.
Although the agreement was reached in May, it was only revealed to legislators last month.
WVU President Jim Clements says the project is transformative and supports WVU’s plan to add more high-quality student housing.