Military Base Housing Ain't What it Used to Be

My friend Bill is always complaining that he should have stayed in the Army. He would have had such a better life, cared for by the government, he says. Now in his 40s, he lives in his parents home again in Boston. Then I got the notice from a company called Balfour Beatty Communities, a private sector company which manages residential units on military bases. That’s one of their properites in Fort Eustis, Virginia above and Jacksonville below. Wow!

Expanded construction budgets have greatly improved family housing at many military bases, the press release read. It went on: At Marne Point, a garden-style apartment community that will be Balfour Beatty’s first apartment complex to provide military housing for single soldiers, the $37 million complex feature private bedrooms and baths, full kitchens, and living rooms. Every apartment has a private entranceway, and is equipped with a walk-in storage closet and washer and dryer. Nine-foot ceilings provide an open, airy feel. Marne Point will also include a community and recreation center with a clubhouse, full basketball court, heated pool, car wash station, and running trails.

Maybe my friend Bill was right.

Before it's here, it's on the Bloomberg Terminal.