Thursday, March 10, 2016

These Aren’t Your Typical College Dorms

A resort-style pool with luxurious cabanas and a beach volleyball court complete with concierge service may not be how you normally picture a college dorm. But times have changed.
Investors across the country are giving off-campus dorms major upgrades, adding in luxury finishes to appeal to young renters who have high tastes.
Read more: Off-Campus Housing Costs Miscalculated?
For example, the Stadium Centre apartments – a 710-bed complex that is within walking distance to Florida State University’s Tallahassee campus – has gotten a fresh makeover in recent years due to $4.5 billion from investors last year alone. The complex has two resort-style pools, deckside cabanas, a beach volleyball court, professional-grade barbecues, and 24/7 staff available to cater to residents’ needs.
“Developers targeting college students are building private dorms that are more likely to resemble beach motels than libraries,” Bloomberg reports.
A recent Bloomberg analysis of 94 student housing complexes nationwide found that 80 percent of residents in off-campus student housing have access to a swimming pool; 55 percent live in places with on-site tanning salons; and 45 percent have beach volleyball courts.
One West Victory, an off-campus student housing complex in Savannah, Ga., even offers valet trash service and texting laundry machines that notify students when their laundry is finished.
Bloomberg’s analysis found some of the most popular “luxury” amenities among off-campus student housing are:
  • Swimming pool
  • Fitness center
  • Outdoor grills
  • Tanning salons
  • Beach volleyball courts
  • Study rooms
  • Fire pits
  • Sun decks
  • Hot tubs
  • Sauna
Source: “Off-Campus College Dorms Now Resemble Spring-Break Hotels,” Bloomberg (March 7, 2016)

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