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Gilbane, in partnership with Palm Beach Atlantic University (PBA), has reached financial close of a $240 million public-private partnership (P3) project that will help address the area’s need for more student housing. This initiative will bring a 25-story, mixed-use student housing residence hall with 275 apartments to the intersection of Acacia Road and Dixie Highway in downtown West Palm Beach. Approved by the Palm Beach County Board of Commissioners, the project is funded through bonds issued by Palm Beach County and secured by the project’s revenues, ensuring no taxpayer dollars are utilized.