$20M+ Student Housing Complex Near SIUE Moves Forward
March 14, 2018 | Contegra Construction Co. has broken ground on a more than $20 million student housing complex near Southern Illinois University – Edwardsville.
Edwardsville-based Contegra, one of the fastest growing companies in the region, is the general contractor for the 486-bed, nine-building housing complex, which broke ground in November. The 15-acre site will feature two-bedroom, three-bedroom and four-bedroom units with full kitchens and in-home washer-dryers. Amenities at The Reserve will include a workout room, study area, lounge/gaming room, leasing offices and a pool and separate bath house. Cleveland-based Richland Residential is the developer.
The development is located on New Poag Road near Southern Illinois University – Edwardsville and is slated to open in summer 2019.
The complex faced some opposition last year when a SIUE biology professor started a petition, saying the development was too close to Bohm Woods and threatened wildlife.
With $223.1 million in revenue, Contegra, led by founder and managing member Eric Gowin, is one of the largest privately held companies. Last year, it was also named one of the fastest growing firms with a 182 percent increase in revenue from 2014 to 2016.
Article courtesy of St. Louis Business Journal