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August 3, 2016
Birmingham, Alabama-based Capstone Development Partners won three awards for Cornish Commons, the 20-story complex for Cornish College of the Arts in Seattle.
Capstone was one of the winners in the 2016 Student Housing Business Innovator Awards for the residence hall and academic building, which opened in July 2015 at 2025 Terry Ave.
Ankrom Moisan Architects provided architecture, interior design and identity services. Howard S. Wright, a Balfour Beatty Co., was the contractor. The team also included Cochran, Coughlin Porter Lundeen, Holaday-Parks, Raymond-Northwest and Brumbaugh & Associates.
Cornish Commons was developed by CDP in collaboration with Cornish College of the Arts.
It won awards for best public/private partnership, most creative public/private financing and best new development. There were over 100 entries, and 23 awards.
Cornish Commons cost $49.6 million, excluding the land. A joint venture of Capstone and Harrison Street Real Estate Capital, a Chicago private equity fund, lease the site from the college and own the building. Capstone On-Campus Management manages the building and Cornish manages student services.
When the ground lease expires in 2056, Cornish will own the building.
Cornish Commons has housing for students, practice studios, lounges, a community kitchen, two floors for academic spaces, and a first floor commons for students and faculty.
It earned the LEED gold for Homes Midrise Certification and was named 2015 Building of the Year by the Seattle Daily Journal of Commerce.
For all the winners, go to http://tiny.cc/9jqcdy/.