Plans are moving forward for a heaping helping of off-campus student housing near Georgia Tech. A 1.5-acre plot in Midtown recently sold for $7.8 million to Ambling University Development Group and affiliates, who plan to build a large student housing project called "University House," the Atlanta Business Chronicle reports. The mixed-use project would offer some street-level retail and 706 student beds — with 268 apartments housed in a 20-story tower that will overlook the Downtown Connector. The site in question — currently used for overflow football parking, winter beer fests and ballsy motorcycle feats — is located at 930 Spring St., across the street from the Cheetah strip club. The project will be connected to the Centergy One tech hub, an easy stroll to Technology Square amenities like Starbucks, Barnes & Noble and a smattering of restaurants.
There was talk last winter of two competing student towers rising along Spring Street, but the report suggests those project may have merged. (Perhaps not). University House is scheduled to open in the fall of 2015. Ambling is currently building two downtown projects aimed at Georgia State University students, including an 18-story tower.
University House isn't the only proposal in Midtown geared toward Tech students seeking more off-campus housing alternatives. Earlier this year, owners of the 100 Midtown apartment complex at 10th and Williams streets bandied about plans for a major expansion to their property. The variety of schemes ranged from a new 13-story tower with 270 beds, to a 22-story behemoth with 770 beds.
· $7.8 million for land to develop new Midtown project [Atlanta Business Chronicle]
· Midtown's Proposed Student Housing Looks Rather Lavish [Curbed Atlanta]