A new proposed development could help Chapel Hill meet a climbing demand for student housing that is close to campus.
Trinitas Ventures, a development company based in Lafayette, Ind., has submitted concept plans for a seven-story apartment complex to be located at 602 Martin Luther King, Jr. Blvd. — only a few minutes from downtown and the University’s campus.
Travis Vencel, the director of site acquisition and planning for Trinitas Ventures, said the apartments would be oriented to University students, with prices ranging from about $500 to $800 a month per bedroom.
One room units in nearby Northampton Plaza apartments rent for $640 per month according to a heelshousing.com listing.
“The units are all designed with large common areas and private bedrooms, each with its own bathroom,” he said.
Vencel said the development will also include a clubhouse, pool and recreation room.
Demand for housing
Though it has a long way to go before approval, Vencel and some students say the Trinitas development could fulfill a need.
Students said they often have to be put on waiting lists for apartments and houses if they decide to live off-campus. Many said they feel that the additional apartments would be popular, considering demand.