UA students may have more off-campus housing options
Posted on Friday, May 9, 2008
Fayetteville has the potential for more than 500 off-campus student housing units with more than 1, 000 bedrooms through two proposed adjacent developments - Summit and Hill Place.
"We expect the tenants to be predominantly students," said Hank Broyles, a developer of Summit, a proposal for 294 multifamily dwellings south of Sixth Street and east of Razorback Road at the end of Paris Avenue.
As proposed, Summit is a private residential community of about 16 acres on top of Martin Luther King Mountain, which puts it in the city's Hilltop / Hillside Overlay District.
Planning documents describe 228 condominium units and 66 townhousestyle units.
Some of the units will be for sale; others will be for lease.
"We expect most of the units that would be for sale to either be (sold to ) young adults who have just graduated from the university or to be parents of students, " Broyles said.
He said there is "a real trend "for parents to be in control of the housing for their children in college.
"Quite often, they get a three-bedroom, put two kids in it and the third bedroom's for them when they come to town," he said.
When students graduate, they often keep the unit, he said.
Summit, which is a large-scale development in the early stages of the city planning process, is next to Hill Place, a proposed planned zoning district for off-campus student housing at the southwest corner of Sixth Street and Hill Avenue.
A portion of the Arkansas & Missouri Railroad line is the east boundary of Summit and the west boundary of Hill Place.
Broyles is also the owner of the Hill Place site, which, if approved, will be developed and managed by Place Properties Inc. The Hill Place proposal was first heard by the council Tuesday. It was left on first reading.
Plans for Hill Place are to separately lease each of the 840 bedrooms in the project's 288 units.
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