Quote:
Originally Posted by Dmajackson
Created a thread for this project.
The unit size breakdown is interesting. 39 bachelor + 7 one bdr + 25 two bdr + 13 three bdr = 84 units. Most larger scale building are dominantly one bedroom with larger units making up a quarter or so units (depends on the location and bylaws). This one is almost half bachelor units and half family size units with only 8% being the standard one bedroom size. Brand new one bedrooms in this area seem to go for $1400 and up. Brand new bachelors going for $1100 or so here in this much quantity would certainly change up the local rental community for young single adults. The 38 family size units directly across from an elementary school is a welcome addition.
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I was also just thinking how great this potentially is. Young families with elementary aged children can have a convenient place to live while they save up to own a condo or or house, but even as the kids get older citadel isn’t too far from the area either. I always saw this as an under-utilized lot so I’m glad to see housing go in.