Housing Options Expanding for SLU Students
Date Posted: March 16, 2015
Posted In: Projects,
From St. Louis Public Radio: Just kitty-corner from the new IKEA building in Midtown St. Louis, a new private student housing development is taking shape.
The Standard is expected to open August 1, and it’s already more than 90 percent leased. “That’s wildly successful,” said Mike Sansone, principal of Sangita Capital Partners. “We’re very, very pleased with where that is.”
Clayton-based Sangita is working with Landmark Properties, a student housing developer from Athens, Georgia. The building will have 164 units with 465 bedrooms separated into one- to four-bedroom apartments, as well as a 400-vehicle garage.
The Standard at 3853 Forest Park Avenue will join the 3949 Apartments on Lindell Avenue, among the latest housing projects aimed at St. Louis University students. Sansone said the new development will benefit the university as housing becomes a critical part of attracting students.
“There’s product like this all over the country, and for St. Louis University to compete with other institutions, they need to have products like this available to their graduate students, their upperclassmen and some of their underclassmen,” he said.