VERTICAL INTEGRATION OF DEVELOPMENT AND CONSTRUCTION WORK SEAMLESSLY TOGETHER TO REDUCE PROJECT COSTS, INCREASE EFFICIENCY AND GUARANTEE DELIVERY.
The Value
Create new housing with no capital outlay from the college/university.
Potential to keep project off balance sheet and free ability to leverage for core educational improvements.
College / University gives design and amenity input and direction. College / University receives excess cash flow from the project.
College / University has option to manage the student residence or partner with a third-party manager.
The Team
Dale Hedrick
PRESIDENT
561-689-8880 | drh@hedrickbrothers.com
Dale R. Hedrick is the President of Pembroke Student Housing LLC. He is also the President of Hedrick Brothers Construction, which he founded in 1979...
Tim Thomas
DIRECTOR OF DEVELOPMENT
561-542-1508 | tthomas@hedrickbrothers.com
Mr. Thomas has experience developing multiple real estate product types including student housing and class-A, institutional grade, multi-family...
"We began a national search for a P3 solution, which led us to numerous experts. Hedrick Brothers Construction and their development company Pembroke Student Housing surfaced as our prime candidate, which our board of trustees selected unanimously. We applaud their innovative approach to the P3 solution, and are delighted to partner with them on our new 510 bed student residence hall to be completed in fall 2020."
- WILLIAM M. B. FLEMING JR.
FORMER PRESIDENT, PALM BEACH ATLANTIC UNIVERSITY
News
PEMBROKE STUDENT HOUSING COMPLETES NEW STUDENT RESIDENCE HALL FOR PALM BEACH ATLANTIC UNIVERSITY
Pembroke Student Housing has completed a new, 163,000 SF student residence hall on the campus of Palm Beach Atlantic University, 351 Pembroke Place, West Palm Beach, FL. The eight-story building consists of 154 one and two-bedroom units with full kitchens and double occupancy accommodations for 510 beds, a large meeting/conference space and community and private study spaces on each floor. The project was delivered under budget and ahead of schedule. Collaboration and communication enabled the team to work within an urban area on an occupied campus under tight site constraints.
The project team included: Developer: Pembroke Student Housing LLC, West Palm Beach, FL; Land Owner: Palm Beach Atlantic University, West Palm Beach, FL; Building Owner: Provident Resources Group, Baton Rouge, LA; Architect: Stantec, Miami FL and Dallas, TX; Contractor: Hedrick Brothers Construction, West Palm Beach, FL; Land Planner: Urban Design Kilday Studios, West Palm Beach, FL; and Civil Engineer: Reikenis & Associates, West Palm Beach, FL.