Balfour Beatty Communities Honored with Multifamily Executive’s 2011 Merit Award for Military Project of the Year

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October 05, 2011

Multifamily Executive recognizes Balfour Beatty Communities’ Fort Carson project

NEWTOWN SQUARE, PA --- October 5, 2011 --- Balfour Beatty Communities, LLC, a subsidiary of Balfour Beatty Capital Group, Inc. and one of the leading Public-Private Partnership (PPP or P3) providers of housing, lifestyle and community solutions for members of the U.S. military and their families, has been selected by Multifamily Executive (MFE) to receive the 2011 MFE Merit Award for Military Project of the Year for its Fort Carson project in Colorado Springs, Colorado.

The award recognizes multifamily projects with innovation in architecture (curb appeal, floor plan and site plan efficiency, creative use of building materials, interior and exterior design quality); suitability to target market; ability to work with government and community officials; strategic financing; and success in the marketplace.

The current development phase of the Fort Carson project includes three new neighborhoods totaling 404 new homes for various ranks of Army Soldiers and their Families. Balfour Beatty Communities overcame substantial challenges during the construction phase, including steeply sloping terrain and unstable soils, to successfully deliver the homes. The family housing units at Fort Carson consist of two-story, three and four bedroom homes as well as one-story homes that meet the Uniform Federal Accessibility Standards arranged in fourplexes and duplexes. The homes are built in an “arts and crafts style” with palettes consisting of warm earth tones commonly found in Colorado neighborhoods.

Balfour Beatty Communities’ commitment to sustainability is displayed in the design and construction of the project. The homes are highly insulated, featuring state of the art HVAC systems, double glazed windows, and modern kitchens with energy efficient appliances. The new units include bright spacious bathrooms, open free-flowing living spaces, and the same types of modern amenities found in new homes available from private developers outside the gates of Fort Carson. All the homes are situated to look upon Colorado Springs' beautiful natural surroundings, including Cheyenne Mountain.

“We are extremely proud that our Fort Carson project has been recognized by Multifamily Executive,” said Chris Williams, President of Balfour Beatty Communities. “We are deeply grateful for the commitment and sacrifices made by our military members and their families, and aim to provide them with high quality homes and welcoming communities. Our strong partnership with Fort Carson is a testament to our common goal of taking care of military

Balfour Beatty Communities accepted the award at the MFE Awards Luncheon on Tuesday, October 4. Award winners must be a current member of Multifamily Executive with a track record of strong participation and commitment to the organization.

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