Contact Us
News

Not Your Mom's Student Housing

Chicago

Want to get a jump-start on upcoming deals? Meet the major Chicago players at one of our upcoming events!

Not Your Mom's  Student Housing
When we were in college, “historic student housing” meant living on the same floor as the students in the Andrew Jackson fan club. But Place PropertiesBlue Visa Capital, and Leopardo  have a new definition: using historic tax credits to reconstruct a building at 315 S. Peoria into a 441-bed, 135-unit student-housing project, complete with modern amenities.
 
Tailor Lofts
The 275k SF, 10-story building contains units, from studios to four-bedrooms, and has almost one bathroom per student, says Leopardo's Bob Voss. The original lobby of the building was completely restored, which included taking down and refurbishing marble panels on the walls and restoring the windows and facade. The lobby now also includes LED lighting, a pool table, fitness center, tanning bed (in our day, we used a Bunsen burner), and computer room.
Tailor Lofts Interiors
Inside the units, students will have condo-quality finishes like granite countertops, wifi hotspots, and a 42” flat-screen TV. The project was completed on a shortened time frame of 10 months, so students could move in this school year. In addition to the restoration, Leopardo built a new 15k SF parking garage on an adjacent lot. Fitzgerald Associates served as the architect.