Florida Tech Opens $96 Million Student Dorm
Florida Tech has opened the doors of a six-story, 556-bed student housing complex on the Melbourne campus. It was funded through $96.1 million in municipal bond financing. Dubbed Crimson Crossing, it was built using a Public-Private Partnership (P3) model with Servitas Development. It took 15 months to build.
The majority of the apartment-style units in the complex will be four-bedroom, two-bathroom suites equipped with full kitchens. Amenities will include a classroom area, study and lounge spaces, a multipurpose room and two outdoor courtyards designed for dining and recreation.
The need for more student housing is fueled by Florida Tech’s growing student body. Traditional and online student enrollment has increased more than 27% since 2019, reaching over 10,000 students in fall 2025. During that same timeframe, first-time-in-college students have jumped over 43%, and the fall-to-fall retention rate increased from 74.3% in 2022 to 83.3% in 2025.
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CBRE Arranges Sale of Future Mixed-Use Development in Wisconsin
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout