Upscale student housing proposed for Champaign

February 6, 2018 by  

Opus Development Company of Minneapolis has proposed a luxury high rise, aimed at the student market, for the Campustown section of Champaign, according to an article in the News-Gazette.

The building would be 14 stories high, with 218 units, to be sited at the corner of Fourth and John Streets. This would be the fifth high rise for students built in the area in the last 10 years. The others are 309 Green Street with 24 floors, HERE Champaign with 18 floors, Burnham 310 with 18 floors, and Skyline Tower, which is 14 stories tall.

The new building will stand on property formerly owned by Alpha Delta Phi fraternity, which sold the northern half of its lot to Opus for $7.52m after the chapter closed. The fraternity plans to use the money to build a new chapter house on the southern half of the property, and reopen the organization.

Opus’s Ben Angelo said the rents would be “competitive for the area”, though he declined to give specific dollar figures. Although some students said they felt the rents might be too high for many who are already paying tuition, others pointed to the lack of student housing in the area. They suggested that it would be beneficial to have a high-end building with the amenities that implies.

Efforts like this can be helped if developers create brochures to illustrate the amenities of the project to prospective tenants.