Campus: Cal Poly San Luis Obispo -- April 27, 2005
Cal Poly Begins Construction on 69-Home Faculty, Staff
Cal Poly has started construction on "Bella Montaņa," a 69-unit residential
development for faculty and staff.
California State University Trustees gave final approval to the project March 16.
The homes will be located on a 5.3 acre parcel of land at the northwest corner of
Highland Drive and North Santa Rosa Street, across from the Highland Drive entrance
to campus. Cal Poly already owns the land and will offer the homes at below-market
prices to faculty and staff.
"This is a very important day for Cal Poly," said university President Warren J.
Baker. "Many of our current faculty plan to retire over the next decade. We face a
critical need to recruit new faculty, and the cost of housing on the Central Coast
has been a barrier in that effort. Bella Montaņa will help us compete with other
top universities to attract the best and the brightest new faculty and staff from
across the nation."
The project is also important to existing faculty and staff. "We are thrilled to
start building, as this housing will help recently recruited faculty and staff to
enter the Central Coast housing market," said Executive Vice Provost and Chief
Planning Officer Linda Dalton, chair of the non-profit Cal Poly Housing Corporation
"We know that faculty with families have found it quite difficult to come to Cal
Poly. We're pleased that with Bella Montaņa we will be able to offer several
attractive sizes of units to meet a variety of family needs," Dalton said.
Cal Poly expects to complete the entire project in summer 2007. The first of three
phases should be ready for occupancy in late fall, 2006, said Jim Reinhart, managing
director of the Cal Poly Housing Corporation, the non-profit organization building
the project. The homes are expected to be priced starting from the low $300,000s.
If demand for the homes exceeds supply, CPHC will follow a priority system that
favors those recently hired, Dalton said.
CPHC chose BDC Development Corporation of Pismo Beach as the design/build general
contractor for "Bella Montaņa." Hoffman Associates Inc., of San Luis Obispo is the
construction management firm for the development. Initial project financing was
provided by the Cal Poly Foundation; Mid-State Bank & Trust is providing the
financing for the project.
Other Project Facts:
Information on the eligibility and priority process for Bella Montaņa can be found
online at /www.bellamontanahomes.com.
- 69 attached homes within 21 buildings
- Three building types: five flat tri-plexes, six "uphill" four-plexes, and 10
- Ten different floor plans will be offered, including five that are fully
- Total costs, including planning, site preparation, construction, road
improvements, financing and contingencies are budgeted at $24 million
- Marketing for the first phase of homes will begin in spring 2006.
Contact: Jim Reinhart, Managing Director, Cal Poly Housing