Texas Wesleyan University
Texas Wesleyan University said Thursday it will break ground on The Rosedale, a 48,271-square-foot student residential apartment building at East Rosedale and Collard streets, 10 a.m. July 20.
The Rosedale will be the latest piece of the Rosedale Renaissance, a $22 million ongoing revitalization of the street around the university's Poly home, led by Texas Wesleyan, City of Fort Worth and Tarrant County.
The $10.5 million three-story building will feature one and two-bedroom apartments and private secured parking. It will serve more than 100 students. Construction is expected to be complete July 1, 2022, with amenities including lounge with large-screen televisions, weight room, gym, study rooms, conference rooms, rooftop patio, package lockers, and gate-secured parking with 101 spots, including some covered. The building will have 59 apartments, including 18 one-bedroom and 41 two-bedroom.
“The addition of The Rosedale, steps from the heart of the Texas Wesleyan campus, is the latest example of the commitment we’ve made to immerse our students in the community we’ve called home since 1890," Fred Slabach, the university's president, said in a release.
"A key component of our new Engage 2025 strategic plan is enhancing diversity, inclusion, student life, civic responsibility, and economic opportunity empowering our students’ success while revitalizing our campus and neighborhood," Slabach said.
"The Rosedale fulfills that vision by allowing our students to learn, work and live within our East Fort Worth neighborhood, enabling them to plant long-lasting roots and build strong relationships that our community will benefit from for generations to come.”
Owner and operator Miyama USA Texas and student housing developer Panteras Development Partners worked closely with the University’s Division of Student Affairs, which hosted two meetings last year with graduates, undergraduates, and staff.
”The Rosedale project has been a true collaboration between Texas Wesleyan and our development teams," Alex Bryant, co-founder and managing partner of Panteras Development, said in the release. "We believe that the investment in the campus and prioritizing their needs for the space will ensure that it becomes a vital part of the university for the students and facility for years to come."
Miyama USA Texas has years of experience working with student housing, developing housing for the University of North Texas in the 1990s.
“Our investment approach has been to always hold the assets for a long term and manage our own assets so that we can hear voices of our residents directly and continue to improve our service,” Sawako Miyama, president and chief operating officer of Miyama USA Texas, said in the release.