News Summary
CRG and Shapack Partners are moving forward with the construction of Chapter Ann Arbor, a 19-story student housing facility located near the University of Michigan. Set to provide 183 units and 625 beds, the project aims for completion by 2027, accommodating diverse living needs and offering modern amenities. This development addresses the increasing demand for quality student housing close to university campuses, continuing CRG’s commitment to enhancing student living experiences across the nation.
New Student Housing Development Announced in Ann Arbor
CRG and Shapack Partners have successfully secured financing for an exciting new student housing project named Chapter Ann Arbor. This development will be a towering 19-story high-rise building located at 1201-1213 S. University Ave, just one block away from the University of Michigan’s central campus. Construction is set to begin in August 2025, with an anticipated completion date in 2027, just in time for the start of the academic year.
A Closer Look at Chapter Ann Arbor
The Chapter Ann Arbor development is designed to cater to the needs of students, featuring a total of 183 units and providing approximately 625 beds. The apartments will come in various configurations, including studio, two-, four-, and five-bedroom fully furnished options. This variety ensures that students can choose living arrangements that best suit their preferences and requirements.
Amenities Worth Noting
In addition to its modern living spaces, Chapter Ann Arbor will offer an impressive range of common-area amenities. Residents can look forward to enjoying a well-equipped fitness center, a wellness studio, and a relaxing sauna. For those who need quiet study spaces, the building will also feature study lounges and a library. The first floor will include retail space, making it convenient for students to access essential services right at their doorstep.
Additionally, the building will provide private collaboration rooms for group work, along with a breathtaking rooftop patio that will feature fire pits and grilling stations, perfect for social events and gatherings. For relaxation, students can take advantage of a hot tub to unwind after a busy day.
Professional Partnership for Design and Construction
The architectural design of Chapter Ann Arbor will be handled by the Lamar Johnson Collaborative, an architecture and design firm that operates as a subsidiary of CRG’s parent company, Clayco. Findorff, a well-known general contractor headquartered in Madison, Wisconsin, will oversee the construction process, ensuring that the project meets the highest quality standards.
A Strategic Addition to the Housing Market
This new project represents a strategic addition to CRG’s growing national portfolio, which aims to meet the increasing demand for high-quality student housing near universities. The company boasts over 40,000 beds developed in more than 80 markets, signifying their extensive experience in creating successful student housing solutions. Previous communities branded under the Chapter name have already been established in locations such as Madison, Wisconsin, and Eugene, Oregon.
Addressing Local Student Housing Needs
The introduction of Chapter Ann Arbor comes at a crucial time as there are currently three other student housing projects underway that will serve the University of Michigan campus. Once completed, these projects will add an additional 2,270 beds to the existing inventory, further addressing the housing needs of the growing student population.
In summary, the forthcoming Chapter Ann Arbor project is positioned to be a significant enhancement to the student housing landscape in Ann Arbor. With its prime location, modern amenities, and thoughtful design, it promises to offer students a high-quality living experience just steps away from their campus.
Deeper Dive: News & Info About This Topic
Additional Resources
- Connect CRE: CRG & Shapack Close on Development Site for Michigan Student Housing
- Wikipedia: Student Housing
- Yield Pro: Chapter Ann Arbor
- Google Search: Student Housing Ann Arbor
- MLive: Boutique Hotel Meets Student Housing Next Ann Arbor High-Rise
- Google Scholar: Student Housing Ann Arbor
- Multi Housing News: CRG & Shapack to Kick Off Student Project
- Encyclopedia Britannica: Student Accommodation
- Rebusiness Online: CRG & Shapack to Build 19-Story Student Housing Tower Near University of Michigan
- Google News: Student Housing University of Michigan
