The 18-story University Center of Chicago residence hall wouldhouse 1,600 students as well as staff members of DePaul University,Roosevelt University and Columbia College Chicago. The schools nowhave little or no student housing. The not-for-profit developmententity formed by the colleges, Educational Advancement Fund, alsowould include two stories of retail space in the 700,000-sfbuilding. Copying an idea from City Hall, a 20,000-sf landscapedroof garden would be available from the third floor.

Educational Advancement Fund is asking for the land to bedonated by the city, and plans to use tax-exempt and taxable bondsto finance construction. The donation is worth at least $9.1million, according to the most recent property tax assessment forthe 1.42-acre parcel and three-story, 142,100-sf parkinggarage.

The EAF hopes to have the residence hall ready for occupancy forthe fall 2004 semester.

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