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August 25, 2006

STUDENTS BEGIN MOVING INTO NEWLY OPENED TOWERS RESIDENCE HALL AT THE CITY COLLEGE OF NEW YORK

156-Unit Complex is First Housing Ever Built For a CUNY Campus

NEW YORK, August 25, 2006 –The first students today began moving into The Towers at The City College of New York (CCNY) residence hall.  The Towers, which was developed through a public-private partnership, is the first student housing ever built on a City University of New York (CUNY) campus.

“There is no question that living on campus enriches a student’s academic experience,” said Dr. Gregory H. Williams, President of The City College of New York.  “For most of our 160-year history, we have not been able to offer that option.  With the opening of The Towers at The City College of New York, we can provide those students who want a residential college experience a unique, new alternative: on-campus living at a public college just minutes from Midtown Manhattan.”

The Towers, a 180,000 square-foot facility with 164 apartments accommodating 600 students and faculty members, is located at the southeast corner of CCNY’s South Campus at the intersection of St. Nicholas Terrace and West 130th Street in West Harlem.  The L-shaped structure consists of three towers rising to five, eight and 11 stories.  Many upper floor units offer panoramic views of Harlem, Midtown or the CCNY campus.

The apartments, which come in studio, one-bedroom, two-bedroom, three-bedroom and four-bedroom configurations, are fully furnished and have private or shared bathrooms.  They include: a kitchen with a full-size refrigerator, cook-top, microwave oven, sink, countertop, cabinets and shelving; all utilities; air conditioning; high-speed Internet connections, and basic cable and local telephone service.

Amenities provided in common areas of the complex include: a community lounge with wireless Internet; a private courtyard and patio area; fitness center; seminar room; laundry room; 24-hour service desk, and security system with access by ID card.  Monthly per student rents range from $775 for a shared room in a two-bedroom suite to $1,100 for a private studio unit.

Approximately 70 percent of the students residing at The Towers attend The City College of New York, with the balance split almost evenly between students of other CUNY colleges and those attending non-CUNY schools.  Most of the CCNY students are first-year students. 

The non-CUNY students, who rented through Educational Housing Services, attend 40 different institutions, both private and public, located in New York City, other parts of the country and France.  The out-of-town students living in the facility are primarily taking classes at New York schools or engaged in internships here.

The Towers was developed through a public-private partnership involving Capstone Development Corp., Educational Housing Services Inc. (EHS), the Dormitory Authority of the State of New York and CUNY.  Capstone developed the project and manages the complex, which was erected on land on the CCNY campus owned by DASNY and leased to EHS.  To finance the project, EHS issued $59 million of tax-exempt bonds through DASNY.  The project’s total cost was $56,456,401, of which direct construction costs accounted for $44,300,000.

Construction began in the spring of 2005, with a groundbreaking ceremony held May 6 of that year.  The entire project was completed in less than 18 months.  Turner Construction Corp. served as general contractor.  Goshow Architects was the architect of record with Design Collective Inc. as design consultant.

About The City College of New York

For over 160 years, The City College of New York has provided low-cost, high-quality education for New Yorkers in a wide variety of disciplines.  Over 12,200 students pursue undergraduate and graduate degrees in the College of Liberal Arts and Science, the School of Architecture, the School of Education, the Grove School of Engineering, the Center for Worker Education and the Sophie Davis School of Biomedical Education.

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