quote:
So what happens when the overbuilding of student housing catches up with them in about a year or two? Will they allow these places to lose profit with a significant percentage of open rooms? Or, will they just wave a wand requiring certain students to live on campus, multiplying the problem for the rest of the market?
Wave the wand.
I've been told by a reliable source that Sharp fall said he wants enough on-campus housing that freshmen can be made to live on campus. Now that was about 4 years ago so he might have changed his mind after selling/leasing all the university land so far to private developers and getting money in that way.
For a city with "planning and zoning", they sure don't plan or zone well.
By me there is a 11 story, 300 unit, 900 bed complex about to go up.
Just up the road you can see the garage and beginning framing for another huge complex (I don't have numbers for that).
Just on Boyett there looks to be new luxury apartments that can house (wag) 2000 students.
How many can live in north point?
How many can live in the new stuff where the horse farm was?
That's just the "close to campus" housing.
Add in the south gate houses popping up.
The northgate smaller apartments/town homes popping up.
All the apartments down wellborn and 2818.