Author Topic: Housing complex in works near NDSU  (Read 1533 times)

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Offline pmp6nl

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Housing complex in works near NDSU
« on: September 16, 2009, 08:50:05 pm »
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Housing complex in works near NDSU
Developer eyeing land near NDSU's T Lot
A developer is proposing a 200-unit apartment complex just south of North Dakota State University to house up to 450 residents.

By: Amy Dalrymple, INFORUM

A developer is proposing a 200-unit apartment complex just south of North Dakota State University to house up to 450 residents.

The project, still in the planning stages, would be southwest of NDSU’s T parking lot along 12th Avenue North.

Roers’ Development of Fargo is working with NDSU to enter into a lease agreement for a portion of undeveloped grassland near the parking lot.

The issue will go before the state Board of Higher Education on Thursday.

Jim Roers, president of Roers’ Development, said there’s a huge demand for student housing close to campus.

The company also owns the Stop-N-Go Center on 19th Avenue North, which Roers said is 93 percent occupied by students.

Before the project can move forward, Roers plans to work with city officials to secure tax increment financing.

Roers either owns or has purchase agreements for several properties that are in the area he’s looking to develop. Some are vacant and “blighted,” and others are occupied, he said.

If the project clears the necessary hurdles, construction could begin this year and be complete about a year from now, Roers said.

He does not anticipate it will be done for the start of the fall semester.

The complex would be privately owned and operated. It would have a combination of efficiencies and one-, two-, three- and four-bedroom units, Roers said.

The project uses the city’s new University Mixed Use zoning code, which calls for denser development west of Johnson Park.

Amy Rand, president of the Roosevelt Neighborhood Association, said high-density housing closer to campus will take some of the pressure off the rest of the neighborhood.

“That is exactly the type of development that we are hoping to see in that area of the neighborhood,” Rand said.

The main concern residents may have is that the project needs adequate parking, she said.

The complex would have parking both above and below ground, Roers said. NDSU also may sell permits for the T lot to residents.


From: http://www.inforum.com/event/article/id/253126/
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Offline Sal Atticum

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Re: Housing complex in works near NDSU
« Reply #1 on: October 04, 2009, 02:37:20 pm »
I wish there were people that excited about investing in Grand Forks--albeit for more interesting things, like housing near downtown (highrises!) and multi-story/multi-use buildings near the Ralph.

Woops, I'm probably in the wrong board for that comment.
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Offline pmp6nl

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Re: Housing complex in works near NDSU
« Reply #2 on: October 06, 2009, 09:45:25 pm »
Is GF in need of more housing like that, is there a market for it?

I guess its a big "state of the economy" thing....?
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