- Nine buildings
- Total project – 278.263 sq. ft.
- Residential Space – 195,330 sq. ft.
- 446 total beds
- 130 residential units
- 97: 4-bed, 2-bath units
- 25: 2-bed, 2-bath units
- 8: 1-bed, 1-bath units
- 318 proposed residential parking spaces
- Retail Space – 79,278 sq. ft.
- Anchor Store: Barnes & Noble Booksellers
- Fitness Center: 11,500 sq. ft.
- Other retail/food: 53,178 sq. ft.
- 215 proposed retail parking spaces
Q: What is the Higher Education Public-Private Partnership Program?
A: The Higher Education Institution Public-Private Partnership Program permits a state or county college to enter into a private-public partnership and allows a private entity to assume full financial and administrative responsibility for an on-campus construction, reconstruction, repair, alteration, improvement, or extension of a building, structure, or facility of the institution so long as the college retains ownership of the land, and the project is 100% privately financed.
Q: Who is the project developer?
A: PRC Campus Centers, LLC, a member of The PRC Group, is a multi-faceted manager, builder, developer and real estate broker for a broad spectrum of real properties, including all forms of residential (single, multi-family, and mixed use), commercial office, retail, and light industrial properties. To learn more about PRC, visit www.prcgroup.com/
Q: How many years does the lease between TCNJ and PRC extend?
A: 50 years
Q: What will the project cost the College?
A: The cost of the project itself will be covered by the developer, PRC, and is estimated to be approximately $50 million. The College is not providing any funds to the developer for planning, permitting, design, or construction of Campus Town. The College will rent space in Campus Town for a new Fitness Center. The rent for the new Fitness Center will be paid for from the Ground Lease payment to the College from the contractor. The cost to operate the Fitness Center will be funded from the College’s operating budget, just as is the current Physical Enhancement Center. In addition, the Trenton State College Corporation, TCNJ’s auxiliary real estate company, will rent space for a new community/college bookstore in campus town with the rent being paid from sales commissions from the bookstore vendor. This arrangement was required to facilitate Barnes and Noble College Bookstore’s corporate policy of not having agreements with private developers.
Q: What financial expenses has the College incurred related to the Campus Town project?
A: The College has had some expenses related to Campus Town, paid for from institutional reserves. These expenses include relocation of the existing tenants on the site, such as the Bonner Center, the Municipal Land Use Center, and the Reserve Officer Training Corps office; remediation of hazardous material on the Campus Town site; and legal fees to negotiate the Campus Town ground lease.
Q: How will Campus Town impact the College’s budget?
A: The College will receive an annual ground lease payment of $400,000 per year, increasing by $25,000 each year for the life of the lease, coming to a total of almost $50M in lease payments to the College over the life of the lease/agreement. The Ground lease payment to TCNJ will be used to offset the operating cost of the new fitness center and there will be no impact on tuition due to this project. In addition to providing a revenue stream, the College will own all of the facilities on the Campus Town site at the close of the 50-year lease and have current access to facilities that the College cannot afford to develop independently. Lastly, the College has the opportunity to share in the developer’s profits if the Campus Town development achieves certain performance benchmarks.
Q: Will tuition be impacted by the project?
A: No. The Campus Town project has no impact on the College’s tuition rate. Campus Town is being designed, constructed, and operated with funds provided by the developer and /or their lender. The developer will obtain financing and operate the project independently of the College. Tuition rates are not affected by Campus Town.
Q: Who will be responsible for maintenance of the property?
A: PRC will be responsible for maintenance of the property.
Q: Will the property be open to the public?
A: Retail establishments within Campus Town will be open to the public, excluding the fitness center.
Q: When will Campus Town be open?
A: Completion of the project is slated for fall 2015. This, of course, is dependent upon receiving timely approval of building and other permits necessary to start demolition, do construction, make roadway improvements and other work required by the project.
Q: Who will manage the residential portion of the property?
A: This has not been determined as of this date. The developer is negotiating with national student housing operators to manage the residential portion of the complex.
Q: How many rental units will be in Campus Town?
A: There will be 446 beds in Campus Town’s residential spaces.
Q: Will non-TCNJ students be able to rent a unit in Campus Town?
A: The developer will target TCNJ students as the primary audience for the housing. The developer may also lease residential units to TCNJ faculty and staff. If, however, the developer is unable to meet certain occupancy targets after a period of time, they are allowed to lease residential units to non-TCNJ affiliated renters. This provision will help protect both the developer and the College from having excessive vacancies and ultimately an unsuccessful development at the front door of the College.
Q: What changes will be made to Pennington Road/Route 31?
A: Pennington Road is a State road and the New Jersey Department of Transportation is currently reviewing plans for the road. We anticipate that a new traffic light will be approved at the intersection of Pennington Road and Main Boulevard to facilitate vehicular access from and pedestrian crossing of Pennington Road. There may also be additional turn lanes for vehicular access to the complex. All of this is subject to NJDOT approval.
Q: Who will be responsible for policing the site?
A: TCNJ Campus Police Services will provide law enforcement services to the Campus Town development. This will include patrolling the exterior grounds of the complex. Campus Police Services will also be assigned a small substation in one of the buildings in Campus Town and will work closely with on-site security to provide a safe and secure environment for the community. Retail establishment security and security for the residential units will be provided by the developer or the retail tenants.
Q: Will there be security on-site?
A: Security services, including store security, residence security, and security guards will be the responsibility of the Campus Town developer, while law enforcement services will be provided by TCNJ Campus Police. The two entities will work closely together to provide a safe and secure environment for the community, and a TCNJ Campus Police substation will be located in one of the Campus Town buildings. The property also will be outfitted with blue light emergency telephones that will provide a direct link to TCNJ Campus Police Services.
Q: Can Parking Lot 14 and 15 be reopened until actual construction begins on the site?
A: Lot 14 and 15 cannot be reopened. The land has been assigned to PRC for the Campus Town development and the College was obligated to vacate the Campus Town site by the agreement we have signed with the developer. Although it may appear to the casual observer that nothing is happening on the Campus Town site, the contrary is true. Extensive surveying, testing, mapping, and site mark-outs have occurred. The contractor also proposes to stage the demolition and construction in Lot 14.
Q: Will the residential component of Campus Town be run by TCNJ?
A: No. The developer/PRC will be responsible for all aspects of managing Campus Town housing.
Q: What will rent cost?
A: The rent has not been finalized, but the rent will be priced competitively with other on- and off-campus housing of similar high quality. No meal plan will be required.
Q: Will apartment leases be for the academic year or the calendar year?
A: Leases will be designed to meet the student’s needs. Both academic and calendar year leases will be available.
Q: What is the design of the rooms?
A: Three types of units will be available: 4 Bedroom/2 Bath; 2 Bedroom/2 Bath; and 1 Bedroom/1 Bath. Each apartment will also contain a living/dining area, a full kitchen with stove, microwave and dishwasher. The units will also contain full-sized washers and dryers. The units will be fully furnished.
Q: Will on-site parking be provided for tenants?
A: Parking will be available. There will be designated, on-site parking for residents that will not be open to retail customers or other students, faculty or staff.
Q: Who is designing the layout of the Barnes & Noble bookstore?
A: The design of the bookstore space is the responsibility of the tenant, Barnes and Noble College Bookstores (B&N). B&N has contracted with Tricarico Architecture and Design to design the interior of the bookstore. The College is providing input via a bookstore advisory committee consisting of representatives from Student Affairs, the Treasurer’s Office, and the Trenton State College Corporation (TSCC), managed by Campus Construction. TSCC will be the entity contracting with B&N as well as renting space in Campus Town for the bookstore.
Q: How large will the Barnes & Noble bookstore be?
A: Approximately 14,600 square feet.
Q: Will the Barnes & Noble bookstore be open to the public in addition to serving as the College bookstore?
A: Yes. The Barnes & Noble will serve as the anchor store for Campus Town and include a café and children’s section as a typical Barnes & Noble would. We also anticipate that there will be a technology center in the store for laptops and other computer accessories.
Q: Will Barnes & Noble continue to pay the College a fee to be the College’s bookstore?
A: The College has nearly completed the negotiations with B&N for the bookstore. Until the deal is finalized, it is not prudent to disclose all of the details. However, it is safe to say that the College will continue to receive a minimum guaranteed payment and/or commissions on all sales.
Q: Will the fitness center be open to the public?
A: No. The fitness center will be dedicated for TCNJ usage.
Q: Why did the fitness center change to a College-only facility?
A: It was determined that the College could not get the quality of a fitness facility that we desired via the private market. Our choices from the private market included a very low quality, low cost facility or a very small, restricted membership, high quality, high cost club-like facility, neither of which met the student needs. A College-only facility was found to be the best alternative.
Q: Who will be responsible for the management and operation of the new fitness center?
A: A fitness center planning committee, consisting of faculty, students, and staff and managed by Campus Construction, was appointed to develop the program for the new fitness center in Campus Town and to make a recommendation about the operation of the new fitness center. Their work is nearly complete, but we don’t have the final recommendation at this time.
Q: Who is designing the layout of the new fitness center?
A: The fitness center in Campus Town will be designed by the architect for Campus Town, Feinberg and Associates, Inc. The fitness center planning committee, comprised of representatives from the faculty, students, and staff, will provide input to the architect on the design of the fitness center.
Q: What will the layout of the new fitness center look like?
A: The fitness center will be approximately 11,500 square feet (for purposes of comparison, the existing PEC is approximately 4,000 square feet. The facility will include men’s and women’s locker rooms, bathrooms, and showers. The fitness center will include space for cardio machines, weight training, and a multipurpose open space.
Q: What are the plans for the College’s current Physical Enhancement Center (PEC)?
A: No decision has been made at this time on the future of the PEC space. The College will consider all of its space needs and decide what is appropriate for the future use of the Physical Enhancement Center.