It's The Little Things In Student Housing

Roosevelt University made a big splash last year with its new $128.5M, 32-story, 650-bed vertical campus, 425 S Wabash Ave, and now the school's making little tweaks to attract students and directly impact the bottom line, campus planning whiz Steve Hoselton tells us. This year it converted 18 large rooms from doubles to triples, offering students a low-cost alternative and raising revenues. Surprisingly, those rooms were the first that sold out and they've caused zero student complaints, Steve says, a pleasant outcome Roosevelt didn't expect. (His hypothesis: The third person can be the negotiator in any roommate argument.)

On the amenities front, Roosevelt has put together a "wow" committee to make students say just that. Rather than one blockbuster feature, it's focused on 1,000 small, memorable touches "so nobody would ever want to leave," Steve says. And they don't have to be expensive. The building features a giant chess set for passing play, and the cafeteria chef (giving Whole Foods a run for its money) makes both freshly ground peanut butter and a flavor of the month, like cashew and honey. This summer the university plans to add another revenue booster and turn empty student rooms into convention housing. (You can't beat the view and college nostalgia.)

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines

How Metropolis Is Bringing Parking Into The Future With AI And Recognition Technology

While Chicago Development Stalls, Fulton Market Keeps Building