AMES, IA—Parents have become increasingly willing to payuniversities for high-quality student housing, and schools haveresponded. Iowa State University, for example, isjust the latest major Midwest university to select the OpusGroup to develop a student residential complex filled withamenities.

|

The company will build The Foundry, a six-storybuilding which will have 53 units and 144 bedrooms, at the gatewayto the university's campus in Ames, IA. It will also include7,500-square-feet of ground-level retail space, and residents willhave access to a large fitness center, study lounges, game room,private heated underground parking and common areas. Students willhave the option of living in units with two- or four-bedrooms.

|

“The Foundry will be a one-of-a-kind space, setting the standardfor high-quality student housing at the front door of campus,” saysJason Conway, the director of real estatedevelopment for Opus Development Company, L.L.C.“No other student housing options offer the comfort and convenienceThe Foundry will bring to Iowa State University.”

|

As reported in GlobeSt.com, Opus recently completed twoluxury student housing options at the University ofMinnesota with three others currently underway nearuniversity campuses in Madison, Wisconsin; Milwaukee andMinneapolis.

|

The company has scheduled the demolition of the former CampusBook Store building and project construction to begin in May 2014with completion slated for August 2015.

|

Opus Development Company, L.L.C. is the developer andOpus Design Build, L.L.C. is the design-builder.Opus AE Group, L.L.C. is partnering withMinneapolis-based Elness Swenson Graham ArchitectsInc. on the design.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.