LAWRENCE, Kan. (AP) — The University of Kansas is ready to begin construction of two five-story halls that will house 350 students.

Groundbreaking for the $47.8 million project is scheduled for next Wednesday.

The new residence halls will include two- and four-person suites. Construction is expected to be completed by July 2015, with the first students moving in that August.

The Lawrence Journal-World reports  the nearly 50-year-old McCollum Hall will be torn down in the summer of 2015.

Beginning in September, students will be able to sign up online to live in the new halls.