Balfour Beatty - Navy Northeast Region Military Housing Privatization Project

Key Facts

Client: United States Department of the Navy
Balfour Beatty companies involved: Balfour Beatty Communities, Balfour Beatty Construction US
Balfour Beatty Communities was formally awarded this Department of the Navy (DoN) project on February 26, 2004 for the military housing privatization of Navy-owned housing in the Northeast region of the United States located on eight installations in five states, with an end state of 2,921 housing units.
The project was transferred as of November 1, 2004 with over 5,000 homes.
This privatisation project involves construction of high-quality homes, targeted renovation of other homes and the addition of community enhancing facilities and services. Utility systems (water, electric, sewer, storm, gas) have been improved/repaired throughout the region.
At the time that this project was awarded, it was the largest multi-installation, multi-state military housing privatisation project ever awarded.
Amenities include community centers, sports courts, tot lots and swimming pools or spray-grounds.
The 2005 Base Realignment and Closure (BRAC) report altered the end-state of this project from 4,264 to 2,921 homes for the entire project.
The Initial Development Period project costs are estimated to be in excess of $480 million.
Balfour Beatty Communities is the Managing Member, Developer, Renovator and Property Manager of this project.

For more details visit:
http://www.bbcgrp.com