CHICAGO—The OpusGroup in partnership with The Carlyle Grouphas just started construction on a new 14-story student livingcommunity on the edge of the University of Illinois atUrbana-Champaign campus. Demand for new luxury studenthousing like this has been quite robust for several years, but company officialssay subtle changes are underway in the sector, and developers needto offer more than simple luxury.
“Students are no longer interacting socially or intellectuallyin the same way,” Ben Angelo, senior director,real estate development, Opus Development Co.,LLC, tells GlobeSt.com. Much like millennials in theworkplace, today's students now want to have a range of spaces forcommunal use. Opus has designed much of this project's amenityspace with that in mind.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
