425 Bed Student Housing Complex to Open at Stoneport in Fall 2019


425 Bed Student Housing Complex to Open at Stoneport in Fall 2019
By Scott Rogers • July 19, 2017
view a larger image The property shown above was sold for $1.76 million to a new developer from Richmond, VA who will start site work in August for this 250,000 square foot student housing complex planned to be open for Fall 2019. Some highlights from yesterday's Daily News Record article... Altitude will be modeled somewhat after the 865 East building on Port Republic Road. Walker said he thinks the security features, popular at 865 East and with James Madison University student and parent focus groups, and the nearly 2,500-square-foot deck space with garage-type doors that can be opened or closed based on the weather "will really resonate" with potential renters. "We wanted to take a cue from the 865 East product type," he said, "and rather than do another garden-apartment project, with walk-up steps, we wanted to do something with interior corridors, key-fob entrance and elevators. With some of my partners, we concluded that was a void within the market." Eighty-seven of the units will have four bedrooms and four bathrooms, and Walker said those spaces should rent for about $650 per bedroom. Altitude also will have two- and one-bedroom units, with the one bedrooms leasing for about $1,100 a month. Here is the original rendering of the planned student housing complex.... view a larger image Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
Comments (0) or Subscribe