$68 MILLION STUDENT-HOUSING PROJECT PLANNED IN GAINESVILLE, FLA.

GAINESVILLE, FLA. — Birmingham, Ala.-based Capstone Development/DJG is developing The Continuum, a $68 million student-housing community located on West University Avenue in Gainesville. The 533,000-square-foot property consists of three five-story buildings and offers 465 units of one- and two-bedroom rental residences for graduate and professional students, as well as 50,000 square feet of ground-level commercial space. Brasfield & Gorrie, serving as general contractor, awarded Palmer Electric with a $3.5 million contract to provide site and building electrical contracting and low-voltage systems, including fire alarm systems and voice/data cabling. Baton Rouge, La.-based Provident Resources Group owns the 5.2-acre site that the complex will be constructed on. Birmingham-based CRS Engineering & Design Consultants is providing mechanical, electrical, plumbing and fire protection engineering and Baltimore-based Design Collective is serving as architect for the project, which is scheduled for completion in July 2011.