Hawkins Wins Award for Work on P3 Project
The New Jersey Alliance for Action has named Hawkins Delafield & Wood LLP as a recipient of its 2015 “New Jersey’s Leading Infrastructure Project Award” in recognition of the firm’s work on the New Jersey City University Student Residence Hall project. This award program was created to highlight innovative, pioneering and landmark construction initiatives that greatly impact New Jersey’s economy and to honor the businesses and organizations that work together as partners to ensure these projects’ success
The New Jersey City University Student Residence Hall project, which was structured as a public-private partnership under the 2009 New Jersey Economic Stimulus Act, provides for the development, design, construction, financing and operation of a new residence hall for 425 New Jersey City University students. The project is located on the University’s burgeoning West Campus and will help to anchor mixed use development at the site. Adjacent to the residence hall will be a new University performing arts building with a 250-seat recital hall, and a 100-seat lecture hall. Retail facilities and market-rate housing serving the local community are also planned. The new residence hall is scheduled to open in time for the fall semester of 2016.
Financing for the residence hall project was provided through the public offering of $50,645,000 of tax-exempt and taxable bonds by New Jersey Economic Development Authority on behalf of West Campus Housing LLC, the University’s P3 partner.
Hawkins was counsel to the University in structuring the project and in negotiating the ground lease from the University to West Campus Housing LLC as well as the development agreement, management agreement and other related documents. The lead Hawkins partners for the project were Lloyd Lowy, Eric Sapir and Michela Daliana.
Also of Interest
- Hawkins Served as Counsel to Two Bond Buyer Deal of the Year Winning Transactions
Hawkins is proud to have served as special and lead outside counsel on two financings that were finalists for The Bond Buyer deal of the year award for 2021 and winners in their respective categories. This year’s deals reflect the substantial expertise of Hawkins’ transportation industry attorneys.
- New Jersey Design-Build Construction Services Procurement Act
This Hawkins Advisory summarizes the New Jersey Design-Build Construction Services Procurement Act, which was passed on April 30, 2021. The Act establishes procedures for State and local governmental entities to award Design-Build contracts.
- Hawkins’ P3 Project a Winner at the 2019 P3 Awards
Howard County Circuit Courthouse project won the 2019 P3 Awards for both “Best Financial Structure” and “Best Social Infrastructure Project”. Hawkins served as Howard County’s special counsel in connection with the procurement and negotiation of the new circuit courthouse on a design-build-finance-operate-maintain basis.
- Hawkins a 2019 NCPPP Outstanding Legal Advisor Finalist
Hawkins is proud to be among the National Council for Public-Private Partnerships (NCPPP) 2019 outstanding legal advisor finalists. The NCPPP will announce the winners of the 2019 National Public-Private Partnership Awards later this year. For decades, the council annually recognizes commendable projects and visionary leaders in public-private partnerships.