PHOENIX, AZ Austin, Texas, -based American Campus Communities (ACC) will soon start construction on a new $120 million residential development for Arizona State University engineering students.

American Campus' new student apartments will be located just south of Sun Devil Stadium on ASU's main campus. It will house just less than 1,600 students from ASU's Ira A. Fulton School of Engineering. The residential complex will include some engineering education components. That includes a technology lab and 3,000 square feet of maker space.

ACC has more than $470 million in ASU on-campus housing facilities including space for Barrett Honors College students and Manzanita Hall.

"We're excited to be breaking ground on our sixth large-scale student housing transaction with ASU," said Bill Bayless, ACC CEO.

American Campus specializes in college student housing. It also has projects at the University of Southern California, San Diego State University, University of New Mexico, and University of Colorado.