Memories of the ‘college experience’ for most folks include a cramped dorm room, just big enough for 2 small beds and maybe a desk. A new trend is beginning to change the meaning of the ‘college experience’ as investment companies and developers are creating student housing that mirrors the experience that one would expect from a five-star hotel.
An example of this new classy student housing trend is University Park, a 279,097-square-foot, off-campus student housing community in Boca Raton, Fla. A joint venture between Rosemurgy Properties, Giles Capital Group, and Lewis Rental Properties, this new student community boasts fully furnished apartments with modern furnishings, energy efficient appliances, flat screen TV’s, in-unit washer/dryers, kitchens, living areas, bedrooms, and private bathrooms.
Like University Park, developers in Texas are planning a new student housing project near the University of Houston. The Houston Business Journal reports Austin-based housing developer Aspen Heights has submitted plans for a high-density student housing project. While not much is published about the specifics of the project, Aspen Heights is known for developing luxury midrise and craftsman home communities with resort-style amenities, such as clubhouses, volleyball courts, and concierge service.
College news website bestcollegevalues.org recently ranked their top ‘Luxurious Student Housing Buildings.’
Here is a look at the Top Five:
- Hub at Tucson at The University of Arizona, Tucson
Price: $1,490 – $5,405 – per unit, per month (Split between roommates for 2-5 bedroom units)
Amenities: private bedrooms, private bathrooms, walk-in closets, in unit washer/dryer, gaming and fitness rooms, rooftop infinity pool, spa (complete with sauna, steam room, and tanning beds), grilling gazebo, sand volleyball court
- Osprey Fountains at The University of North Florida
Price: $1,130 – $5,000 per semester
Amenities: fitness center, video game room, convenience store, study library, outdoor pool (with a lazy river), tennis courts, volleyball courts, basketball courts, lighted track. Option of a single or double bedroom that is a part of a four or six bed suite – each suite with two personal bathrooms.
- The Callaway House at University of Texas, Austin
Price: $5,990 – $8,740 per Semester
Amenities: Choice of eight different floor plans fully furnished with leather couches, stainless steel appliances, a kitchenette, and hardwood floors (all suites come with a maid service). The building also has study areas, computer labs, iPad stations, a pool, a patio, a fitness center, and theater room
- Ivy House & Windsor Hall at the University of Florida
Price: $529 – $859 per Month
Amenities: Ivy House is a female-only residence with a sun deck, private jacuzzis, living rooms with fireplaces, big screen TVs, and a gourmet kitchen. Windsor Hall offers co-ed house rooms with their own kitchenettes and attached luxury bathrooms.
- Calhoun Lofts at University of Houston
Price:$4,146 – $5,881 per Semester
Amenities: 1-2 bedroom lofts with 10-foot ceilings, private kitchens with refrigerators, stoves, dishwashers, microwaves, and granite counter tops. Access to roof terraces, sky lounges, exercise room, and private courtyard. Building also includes a 10,500 square foot retail center complete with a market, Subway, and Barnes and Noble.
What was your college living experience like? Would you pay the extra money to live in luxury while earning your degree?