Thursday 8/7/14

Page 1

weekend Michigan State University’s independent voice

statenews.com | 8/7/14 | @thesnews

Rent through the roof inside E.L.’s high-end housing Growth

“I

By Michael Kransz mkransz@statenews.com THE STATE NEWS nn

People that are out of college with jobs pay less for housing than students do, because the students are demanding.” Will Randle,

WestPac Campus Communities

n recent years, developers across East Lansing have been building apartment complexes that look more like resorts than student rentals. With amenities such as tanning beds, fitness centers, ball courts and study lounges, the apartment complexes are a one-stop-shop for both recreational and study needs. And in-unit amenities, including granite countertops, stainless steel appliances and hardwood floors, resemble an upper-middle class suburban home rather than a cramped, squalid dorm. Although some cost anywhere from $600 to $1,000 per person each month depending upon the number of roommates, high-end apartments that “elevate the concept of student housing” are on the rise, Planning, Building & Development Director Tim Dempsey said. “We are seeing a trend toward higher-end housing units,” Dempsey said. “It isn’t just East Lansing that’s seeing this, you can see this in every

college community across the U.S.” Those vying for renters in the high-end housing market in East Lansing include The Lodges of East Lansing, Hannah Lofts & Townhomes, Midtown Apartments, St. Anne Lofts, and The Rocks at Chandler Crossings, which opens in fall 2015. Luxury living Apartment complexes and university dorms including amenities that “meld the academic and social” have been on the increase, said Arthur Lidsky, president of Dober Lidsky Mathey, Inc., a campus consultancy firm. “I think we’re seeing more of that now than we’ve seen in the past,” Lidsky said. Nick Sinning, marketing assistant for Capstone Collegiate Communities, which manages Hannah Lofts & Townhomes, said the reasoning behind offering more amenities is that students, many of whom are living on their own for the first time, desire convenience. “It’s just making everything convenient for our residents,” Sinning said. “By having a fitness room

The price of luxury Two bedrooms, two baths: $749 - $799 Three bedrooms, three baths: $649 - $664 Four bedrooms, four baths: $599

St. Anne Lofts

Studio: $995 - $1,000 One bedroom, two occupants, one bath: $772.50 - $797.50 Two bedrooms, one bath: $850 - $1,047.50

Midtown Apartments

Hannah Lofts

Studio: $950 One bedroom, one or two occupants: $1,050 - $1,200 Two bedrooms, two baths: $735 - $825 Three bedrooms, three baths: $625 - $675 Four bedrooms, four baths: $625 - $650

The Lodges of East Lansing

Studio: $929 - $939 One bedroom, one occupant: $1,069

See RENT on page 2 u

One bedroom, one occupant: $765 - $975 Two bedrooms, two baths: $575 - $649.50 or $1,150 - $1,299

Chandler Crossings, Emerald-style

One bedroom, one occupant: $1,035 Two bedrooms, two baths: $692 - $766 Three bedrooms, three baths: $600 - $635 Four bedrooms, two baths: $513 - $532 Four bedrooms, four baths: $563 - $606

more inside Great expectations MSU football has high hopes for 2014 season Danyelle Morrow/The State News

Junior quarterback Connor Cook talks to the media during Football Media Day at the Huntington Club of Spartan Stadium. Coming off of a 13-1 season and a Rose Bowl victory, the Spartans are due to kick off the season Aug. 29. sports+features, pg. 6

Public Art proposal City Council considers proposal that would have developers set aside money for public art projects campus+CITY, pg. 3


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.