News Summary
CRG and Shapack Partners have secured financing for Chapter Ann Arbor, a 19-story student housing project located close to the University of Michigan. This development will provide 183 units with 625 beds, addressing the increasing demand for student accommodations in Ann Arbor. The project, set to begin construction in August 2025 and complete by 2027, features modern amenities aimed at enhancing the living experience for students.
CRG and Shapack Partners Move Forward with Student Housing Development Near University of Michigan
CRG and co-developer Shapack Partners have successfully secured financing and closed on a prime site to build a new student housing development known as Chapter Ann Arbor. This significant project will rise to 19 stories and is strategically located at 1201-1213 S. University Ave., just a block away from the University of Michigan’s Central Campus in Ann Arbor, Michigan. Construction is set to kick off in August 2025, with the completed structure anticipated to be ready by 2027, just in time for the 2027-28 academic year.
A Growing Demand for Student Housing
In light of the ongoing surge in student enrollment, the addition of 625 beds through this project is seen as a vital response to the growing housing demand for students in the Ann Arbor area. The development will feature 183 units that will cater to a variety of living arrangements, ranging from efficient studio apartments to larger five-bedroom layouts. This wide mix will provide students with diverse options for their housing needs.
Modern Living Amenities
Each apartment in Chapter Ann Arbor is designed with student comfort and convenience in mind. Residents can expect upscale finishes that include wood-style flooring, quartz countertops, stainless steel appliances, smart TVs in living rooms, and in-unit laundry facilities. The project is not just focused on providing a place to live but aims to foster a community atmosphere that supports wellness, academics, and student life.
Facilities Designed for Engagement
Building on its commitment to create a supportive living environment, Chapter Ann Arbor will include a variety of attractive amenities. A state-of-the-art fitness center will be available for residents, equipped with advanced cardio machines, weight-training equipment, a wellness studio, and a sauna. In addition, students will have access to spacious study lounges, a library, and private collaboration rooms to facilitate academic success.
An Outdoor Oasis
One of the highlights of this development will be a rooftop patio that features cozy fire pits, grilling stations, and a hot tub. This inviting space aims to serve as a gathering area with stunning views of both the university campus and the surrounding areas of Ann Arbor. Such amenities are designed to enhance social interaction and provide a true sense of community among residents.
Expert Leadership in Development
The architectural vision for Chapter Ann Arbor comes from the talented team at Lamar Johnson Collaborative (LJC), which is recognized for its expertise in developing student housing and urban high-rise projects. LJC operates as a subsidiary of Clayco, CRG’s parent company. In terms of construction, the project will be overseen by Findorff, a Madison-based construction firm with a robust reputation for managing complex campus projects.
A Proven Track Record
This initiative follows a successful collaboration between CRG, LJC, and Findorff on another student housing project, Chapter Madison, located near the University of Wisconsin-Madison. That development was completed ahead of schedule and saw full leasing for the 2024-25 academic year, reflecting the strong performance of these partners in providing quality housing options.
Strategically Located for Student Convenience
Chapter Ann Arbor is ideally situated in a vibrant neighborhood teeming with shops, restaurants, and entertainment venues, all accessible along South University Avenue. This placement enables students to experience the dynamic lifestyle that comes with living near a bustling university. As the demand for purpose-built student housing continues to escalate, this new development stands to play a critical role in bridging the gap between student enrollment and available housing in the Ann Arbor area.
Deeper Dive: News & Info About This Topic
Additional Resources
- RE Journals: CRG & Shapack Partner for Student Housing Development
- Google Search: 19-story student housing Ann Arbor
- Yield Pro: Chapter Ann Arbor Overview
- Wikipedia: Student Housing
- MLive: Boutique Hotel Meets Student Housing
- Encyclopedia Britannica: Student Housing
- ReBusiness Online: New Student Housing Tower Near University of Michigan
- MLive: Potential Demolition for University Dorms
