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 High-Rise Student Housing Development Set for Ann Arbor
CRG and Shapack Partners have successfully secured financing for an exciting new student housing project named Chapter Ann Arbor. This development will rise 19 stories and cater to the booming demand for student accommodation located conveniently near the University of Michigan. Situated at 1201-1213 S. University Ave, the site is just a block away from the university’s central campus, making it a prime location for students seeking a vibrant living experience.
Project Details and Amenities
The Chapter Ann Arbor project will include 183 residential units, offering a total of 625 beds specifically designed for students. The development will feature a variety of apartment configurations, including studio, two-bedroom, four-bedroom, and five-bedroom fully furnished options, ensuring there is something for every type of student.
In addition to quality living spaces, the building will boast numerous common-area amenities that will enhance the student lifestyle. Planned facilities include:
- A state-of-the-art fitness center
- A serene wellness studio
- A relaxing sauna
- Multiple study lounges for focused learning
- A well-stocked library for research and reading
- Retail space on the first floor, adding convenience for residents
- Private collaboration rooms for group projects and meetings
- A rooftop patio equipped with fire pits and grilling stations
- A rejuvenating hot tub for relaxation
Construction Timeline
Construction is set to commence in August 2025, with the anticipated completion date scheduled for 2027. This timeline aims to ensure the building is ready for incoming students before the start of the academic year.
Developer’s Vision
The new student housing project is viewed as a strategic addition to CRG’s growing national portfolio, specifically aimed at addressing the increasing demand for high-quality accommodations near major universities. The company has previously developed over 40,000 beds in more than 80 markets across the country, showcasing its commitment to enhancing student living experiences.
Chapter-branded communities have already been established in areas like Madison, Wisconsin, and Eugene, Oregon, reinforcing CRG’s reputation for high-standard student housing developments.
Project Collaboration
The architectural design for Chapter Ann Arbor will be crafted by Lamar Johnson Collaborative, an architecture and design firm that operates as a subsidiary of CRG’s parent company, Clayco. The construction will be managed by Findorff, a reputable general contractor based in Madison, Wisconsin, ensuring a high level of craftsmanship and professionalism throughout the project.
Current Market Trends
As the demand for student housing in Ann Arbor continues to grow, there are currently three additional student housing projects underway that will contribute approximately 2,270 beds to the University of Michigan’s residential inventory. With these developments, the region is well on its way to providing more diverse and high-quality housing options for its students, supporting their academic and social experiences.
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
Author: Construction CA News
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