Pegasus Landing

Student Housing Orlando, Florida

Pegasus Landing is a 2,364-bed renovation project, consisting of 32 buildings and 744 total housing units for the University of Central Florida in Orlando.

Project Timeline: February 2011 – August 2012

Owner: University of Central Florida

General Contractor: FaverGray

Architect: Pistorino & Alam

Pegasus Landing is a 2,364-bed renovation project consisting of 32 buildings and 744 units. During the renovation, a new building was started every two weeks with a maximum of five buildings under construction at one time. This allowed the facility to maintain 85% occupancy during construction.

The scope of the renovation included complete demolition of the exterior façade of the buildings, which were originally constructed with brick veneer, stucco, and cement board siding. Following the demolition of the façade, the existing wood-framed structure was inspected by structural engineers who identified areas of the structure that were to be replaced due to water intrusion and termite damage. Through the structural repair phase of the project, over one-third of the original structure of each building was replaced.

After the structural repair was complete, the buildings were waterproofed with commercial-grade weather barrier and tape. Due to the sensitive nature of the water intrusion in the previous construction, the inspection emphasized the waterproofing details. All new windows were installed on the project and were required to pass a commercial water and pressure test. The new façade was installed with a new Hardie siding and cultured stone veneer.


The field team had deep experience and dedicated leadership.FaverGray was the selected general contractor on a recent student housing bidproject designed by our firm, Coursey Architects, in Gainesville, FL; the projectdelivery date was met for the fall of 2019, (to the Owner’s satisfaction and the newtenants’ great enjoyment), as was required by the Owner, due to the diligence ofthe FaverGray team from top to bottom. The field team had deep experience anddedicated leadership, and was well supported by the project management team, backoffice and company leadership team across the board. This was a complex 3-buildingproject, on 3 separate sites in the city, so it was really like managing 3 projects atonce; each site had its own challenges and opportunities, and FaverGray managedthese all very well.

Paul J. Monardo, AIA, NCARB, LEED AP

Gary B. Coursey, Architects has been successfully producing multi-family projects for 50 years. We have worked alongside FaverGray for many years on many projects. We find them to be efficient, thorough and highly professional. Parkside at the Beach is one of our favorite projects we designed, and FaverGray built; luxurious design, built solid, and was sold for a large profit after a year of successful occupancy. We are pleased to work with them and will continue to refer them on projects we are producing.

Gary B. Coursey, Gary B. Coursey, Architects

The FaverGray team functions as an extension of our staff and provides front end services of great value. They are virtually a completely integrated partner from beginning to end.

Ronnie Macejewski, Campus Advantage

The FaverGray team is a trusted partner with American Campus Communities. They bring great value as an active participant during initial design and predevelopment activities through pricing, and in the field during construction. Jim and Keith have assembled a core team of leaders with impressive depth and experience, and they demonstrate their commitment to service and integrity every day at every level. We look forward to a long and productive relationship with FaverGray.

Clint Braun, SVP of Construction Management, ACC Inc.

Our relationship with FaverGray has been more than successful. FaverGray is unique in that they combine the expertise and sophistication of a larger firm with a level of service and attentiveness of a smaller firm. These characteristics are exactly what we need and the projects have been delivered on budget, on schedule.

John Cobb, VPlace Partners, LLC

Easlan Capital of Atlanta and its affiliate Parkside Equities have been developing mixed use and multifamily properties throughout the southeast since 1982. It is with great pleasure that we have been successful in awarding the last three projects, consisting of 810 units to FaverGray. All three were completed on time and within budget. Parkside at the Beach was actually ahead of schedule and after a record lease-up, the property was sold within 36 months of construction start. I would therefore highly recommend them…as we look forward to a continuance of our relationship in the future.

Leonard Meltz, Parkside Equities, LLC