pills

Explorer DECODED

Previous edition: 10 May 2024
Share article

Get the full version straight to your inbox.
Exclusive access to our best-in-class data & intelligence
Subscribe now

Rice University breaks ground on Texas business school building

The new building will feature classrooms, office spaces, and amenities, among other features.

Rice University has announced the ground-breaking of a new $54.5m building for the Jones Graduate School of Business in Texas, US.

Architecture Research Office is leading the building design, with Kirksey Architecture as the executive architect. 

Skanska and its joint venture partner B Bell Builders are serving as the general contractors for the project.  

The new facility will provide a dedicated space for undergraduate business education, centralise resources for Rice’s entrepreneurship programmes, and more. 

Spanning 112,000ft², the building will feature classrooms, office spaces, and amenities, including dining areas, open gathering spaces, and private event facilities.  

It is designed to integrate with the existing McNair Hall, which is the current home of Rice Business. 

The new building's interior will cater to diverse teaching and learning styles, from traditional lectures to informal collaborations.  

It will include two 120-seat classrooms, two 65-seat classrooms, and breakout rooms to accommodate increased enrolment and promote team-based learning. 

This expansion will create new public spaces between the new and existing buildings. 

The building will feature a serrated brick facade, a red clay-tile roof, and cast-stone trim, reflecting the traditional materials found on the Rice University campus.  

It will be constructed above an existing underground parking garage and include flood-proofing measures. 

The design also includes the Woodson Courtyard, enclosed with a glass facade and a skylit coffered roof, creating a shaded atrium.  

A triple-height pathway, The Walk, will connect the courtyard to a new West Commons, with dining facilities on the ground floor extending to an outdoor terrace. 

The atrium is envisioned as a central hub for community gatherings, alongside a larger event space on the second floor.  

Rice president Reginald DesRoches said: “This remarkable new building embodies the evolution of Rice Business over the past five decades and its commitment to equipping graduates who are not only integral to organisations around the globe but are also poised to lead them.  

“We’re committed to offering top-tier facilities that complement our top-ranked academic programmes, attracting the best students, faculty and staff to our campus.” 

Rice Business has launched a fundraising campaign with a target of $40m to support this project, which is expected to be completed in early 2026. 

Latest news

Customer satisfaction with US online-only banks declines

Driven by the prospect of higher interest rates and lower fees, new customers continue to flock to online-only direct banks. For the most part, the direct banks delivered on their end of the bargain. However, struggles with customer service and timely problem resolution dragged down overall satisfaction scores in the 8th annual JD Power US Direct Banking Satisfaction Study.

Australia invests A$566m to map mineral deposits, energy sources

The investment will help generate data, maps and tools that will guide new discoveries and sustain the economy.

Shopify Q1 beats estimates but Q2 forecast raises concerns

The company's tempered Q2 forecast has led to a drop in its stock price.

Aurora partners AXA to launch new management liability policy

UK-based digital commercial insurance platform Aurora has partnered with insurance major AXA to launch a new MLP.

Analysis: will US export curbs on proprietary AI models be effective?

The Biden administration is set to enforce curbs on China’s access to the core pre-trained software of AI systems like ChatGPT in the latest of its continued efforts to block US AI from China and Russia.

Delphi's 500 bar GDi and Changan Auto

PHINIA’s Delphi brand has announced a first 500 bar GDi fuel system, to be installed within a Chagna Auto hybrid vehicle launching later this year

Thyssenkrupp protest Netherlands attack submarine contract award

Following considerable debate over Naval Group’s contract to deliver four attack submarines to the Netherlands, Thyssenkrupp Marine Systems now protests the decision.

Paraguay pushes for $1.5bn gas pipeline with Argentina and Brazil

Paraguay is looking to develop a $1.5bn gas pipeline that will connect with Argentina and Brazil, with energy companies and high-ranking government officials engaging in talks on the matter.

Takeda tackles $900m restructuring plan after generics hurt annual profits

Workforce optimisation, R&D prioritisation and technology investments are on Takeda’s agenda.

Monde Nissin plagued again by meat-free as Quorn sales fall in UK

“Category softness” in meat alternatives continued in Monde Nissin’s first quarter.

Title test

Copy text test

Button test Olivia

Newsletters in other sectors

Explore our market-leading Intelligence Centers

Still looking?

Search companies, themes, reports, as well as actionable data & insights spanning 22 global industries

Explorer

Access more premium companies when you subscribe to Explorer