RENO, Nevada – On Oct. 12, 2023, representatives from University of Nevada, Reno and developer Edgemoor Infrastructure & Real Estate were joined by University students, faculty and staff, elected officials, and local business leaders for the ceremonial groundbreaking of the new College of Business Building in the Mathewson Gateway, an urban corridor that will feature a mix of academic and research uses.
The project, which includes a state-of-the-art College of Business Building and an adjacent hospitality/conference venue, will create a physical link between the University and downtown Reno and catalyze growth for the region. Edgemoor financed the College of Business Building through a lease-leaseback structure, which allows the University to preserve debt capacity for other needs.
The five-story, 128,000-square-foot College of Business Building will provide a full range of spaces tailored to best practices in modern business education, including a 300-seat auditorium, advanced technology labs, case-method optimized teaching spaces, a student commons, team meeting spaces and collaboration zones, faculty and administrative offices, a landscaped courtyard, outdoor plazas, and a mix of student and community outreach programs that foster entrepreneurship and innovation.
The new College of Business Building will create economic, social, and educational impacts that transform lives, grow the city’s already thriving tech and financial economy, and provide workforce and intellectual capacity to meet its needs.
“This project is important not only for our University students, faculty, and staff, but also for the our region,” University President Brian Sandoval, said. “The University’s College of Business has produced the business leaders of our region, our state, and our world for a long time now. With this new business building, the college and the community will take a quantum leap forward in this leadership role and the special connection and mission of engagement the College of Business has always had with our city and our state.”
The full-block development includes site and landscape improvements to promote a variety of flexible and functional outdoor spaces. The building will have multiple points of entry at both Levels One and Two that will enhance programmatic adjacencies between internal programs and external context, encouraging spontaneous collaboration and active learning. It will increase student success by providing learning spaces modeled on up-to-date best practices in business pedagogy and instruction. Inside, a full range of spaces dedicated to student instruction are tailored to best practices in modern business education.
“The rapid ongoing growth of the region and our top-ranked College of Business, requires a state-of-the-art facility to support our students and their educational aspirations,” Greg Mosier, Dean of the College of Business, said. “By creating a hub for our students to join forces with the local business community, we can make good on our mission to educate and inspire innovative change-makers and improve our communities.”
The Edgemoor team for the College of Business Building includes Clark Construction, a national contractor with experience successfully delivering over 100 higher education projects on campuses across the country, as design-builder; and LMN Architects, a firm that is considered a leader in the design of higher education facilities in North America, as designer.
“We are so grateful for the University’s leadership and creativity, and the hard work of each of our project team members that has brought us to this point,” Donald Gibson, Managing Director at Edgemoor Infrastructure & Real Estate, said. “This groundbreaking marks the next step in bringing this important new asset to life.”
The new College of Business Building will advance the University’s reputation as a national leader in research, creating a premier business school that trains Nevada’s next generation of entrepreneurs and leaders.
For more information, contact:
Scott Walquist, Director of Communications
University of Nevada, Reno
Geoff Stricker, Senior Managing Director
Edgemoor Infrastructure & Real Estate
ABOUT UNIVERSITY OF NEVADA, RENO
The University of Nevada, Reno, is a public research university that is committed to the promise of a future powered by knowledge. Founded in 1874, the University serves 21,000 students. The University is a comprehensive doctoral university, classified as an R1 institution with very high research activity by the Carnegie Classification of Institutions of Higher Education. Additionally, it has attained the prestigious “Carnegie Engaged” classification, reflecting its student and institutional impact on civic engagement and service, fostered by extensive community and statewide collaborations. More than $800 million in advanced labs, residence halls, and facilities has been invested on campus since 2009. It is home to the University of Nevada, Reno School of Medicine and Wolf Pack Athletics; maintains a statewide outreach mission and presence through programs such as the University of Nevada, Reno Extension, Nevada Bureau of Mines and Geology, Small Business Development Center, Nevada Seismological Laboratory; and is part of the Nevada System of Higher Education. Through a commitment to world-improving research, student success, and outreach benefiting the communities and businesses of Nevada, the University has an impact across the state and around the world. For more information, visit www.unr.edu.
ABOUT EDGEMOOR INFRASTRUCTURE & REAL ESTATE
As a leader in the development, financing, leasing, operations, and activation of public buildings, infrastructure, and commercial real estate, Edgemoor has delivered (or has under development) more than $4.6 billion of projects, some of which include Fuse at Mason Square in Arlington,VA; the Kansas City International Airport New Terminal project in Kansas City, MO; the Howard County Circuit Courthouse project in Ellicott City, MD; the University of Kansas Central District Development project in Lawrence, KS; Augustana University Midco Arena in Sioux Falls, SD; the George Mason University Long and Kimmy Nguyen Building in Fairfax, VA; the Long Beach Civic Center and Governor George Deukmejian Courthouse projects in Long Beach, CA; the University of California, San Francisco Sandler Neuroscience Center; and the Route 28 Corridor Improvements in Loudoun and Fairfax Counties, VA. Edgemoor was honored as a Profiles in Diversity Journal Top 10 Innovation in Diversity for 2020 Award Winner and as P3 Bulletin’s 2019 Developer of the Year.