Construction Financing Secured for New Student Housing Near University of Michigan

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.

Student Housing Development Near University of Michigan Secures Financing

CRG and its co-developer Shapack Partners have announced the successful acquisition of a site for a significant 19-story student housing development named Chapter Ann Arbor. The project has also secured full construction financing, paving the way for a much-anticipated addition to the University of Michigan area.

Key Details of Chapter Ann Arbor

Chapter Ann Arbor 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. The project will feature 183 fully furnished units, providing a total of 625 beds for students looking for modern living accommodations close to campus.

Construction Timeline

Construction on Chapter Ann Arbor is expected to commence in August 2025. Once completed, the new high-rise student housing complex is projected to welcome residents in time for the 2027-28 academic year.

Modern Living Spaces

The development will offer a variety of apartments, including studio to five-bedroom layouts, allowing for flexible living options to accommodate different student needs. Each apartment will come with upscale features such as wood-style flooring, quartz countertops, stainless steel appliances, as well as smart TVs and in-unit laundry facilities.

Amenities for Students

Chapter Ann Arbor’s design prioritizes amenities that encourage wellness, academics, and community engagement. A state-of-the-art fitness center will provide residents with cardio machines and weight-training equipment, along with a wellness studio and sauna. Additionally, residents will benefit from study lounges, a library, and private collaboration rooms aimed at supporting academic success.

Rooftop Experience and Community Features

One of the standout features of Chapter Ann Arbor will be its rooftop patio, offering fire pits, grilling stations, a hot tub, and stunning views of the campus and the surrounding Ann Arbor area, making it a popular gathering spot for residents.

Collaborative Effort in Development

The architectural design for Chapter Ann Arbor is being handled by Lamar Johnson Collaborative (LJC), a recognized firm with extensive experience in student housing and urban high-rise developments. Leading the construction will be Findorff, a construction company from Madison, Wisconsin, renowned for managing complex campus projects effectively.

Addressing Housing Demand

The addition of 625 new beds will address the ongoing housing demand in Ann Arbor, where student enrollment continues to exceed the availability of purpose-built housing. With many students seeking quality living arrangements, Chapter Ann Arbor aims to provide a modern and convenient living option that meets this critical need.

Conclusion

Overall, the Chapter Ann Arbor development represents a significant investment in student housing in the Ann Arbor area. With its close proximity to the University of Michigan, high-quality amenities, and modern living arrangements, it is set to become an integral part of student life, enhancing both the academic experience and community engagement for those who call it home.

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