So we all know about the current situation of unsold condos in the South Loop and today we read another article about a developer that has changed course and decided to jump on the bandwagon of student housing. This student housing tower would be at 1136-40 S. Wabash Ave.Here are some other posts we've done on potential student housing buildings:
Finally here is another old Sloopin post to a story in the Chicago Tribune about "Loop U" which talks about the emergence of the area as a higher education area.
(Hat Tip: Nikki D!)
The coverage about this issue on this blog has been great. The potential for overbuilding student housing is real. In addition to living in existing university and private dormitories, students also rent area apartments and condos. What will the affect of all of this new student housing be? I agree with Alderman Fioretti that signed commitments with a sponsor university must be made before construction can begin.
ReplyDelete51-67 E. Van Buren St.
1,249 beds
407 S. Dearborn St. (Old Colony Building)
? beds
417 S. Dearborn St. (Plymouth Building)
80 beds
421-425 S. Wabash Ave. (Roosevelt University)
640 beds
1136-40 S. Wabash Ave.
860 beds