Nicholas Stephen’s Post

Hotel-to-student housing conversions have been supporting the increasing demand for student housing units in high-cost markets such as New York City or San Francisco. A growing number of underutilized properties are getting a new life as vibrant communities, but the conversion process comes with distinct challenges—from keeping original structures to repurposing amenities—that require meticulous planning. One recent example is FOUND Study Turtle Bay in New York City. Students now call a former Marriott Hotel home after @BDB Construction Enterprise turned the historic, 34-story landmark at 525 Lexington Ave. into a 1,355-bed student housing community. Multi-Housing News asked Tallal Bhutta, the CEO of the company and an experienced construction engineer to expand on the math behind successful conversion projects. The interview follows here: https://lnkd.in/eBeTAdkp #studenthousing #realestate #realestateconversion #multihousing https://lnkd.in/eBeTAdkp

New Planning change in Nottingham - mandated 80% cluster flats in new PBSA developments. More local authority intervention but this time from Nottingham City Council. Good to see them being proactive on the planning of new PBSA. Nottingham has seen a large pipeline come to fruition with more beds still in development or going through planning. This is exactly what we need from our local councils, empowering developers to build the right beds in the right locations. Mandating 80% cluster flats in new build PBSA developments (and I assume refurbs) has the purpose of enticing student groups away from the HMO market. Will it work? Well, I think Nottingham has got a little overheated. It is actually the latest city that we are receiving the most calls about (behind Coventry, Sheffield, Leeds and Southampton) where operators are behind on occupancy given the large number of beds that have destabilised the market and other factors. By mandating clusters, I expect that the pipeline will slow quite considerably and opportunistic developers/investors may be put off because they can’t load up the room mix with studios to make the development ‘stack up’ (find out more about ‘stacking up’ on Housed episode 11). Either way, this measure should be one of the levers that local authorities can pull to ensure the right beds are built in the right locations and at the right price. Wouldn’t it be great if we had a national student accommodation strategy that local authorities could use as a framework to ensure this happens… 🙄 Watch this space… Student Housing Consultancy #pbsa #studentaccommodation #studenthousing #nottingham #intled #highered #property #planning https://lnkd.in/eZddw3ci

"New Student Housing Near University of Oregon Launched by Landmark Properties" Read the full article below..

As demand for student housing units in high-cost markets such as New York City or San Francisco continues to grow, we're seeing a trend of hotels being converted to serve student communities. Influenced by the various economic shakeups of the past few years, the adaptive-reuse trend could shape the future of student housing, with many different properties potentially serving as conversion options. #MultiHousing #StudentHousing

Two landmark buildings in Bristol will be demolished and turned into housing after controversial plans were approved by councillors after being given the go-ahead by Bristol City Council. The Premier Inn hotel and the NCP car park in Rupert Street will now be torn down and replaced with two schemes involving student accommodation "a transformational redevelopment by Whitbread and Olympian"! The car park, next to the Bridewell Police Station, is a classic example of 1950s Brutalist #architecture, and some people had campaigned to get the building protected. This is no doubt a good thing for the continued redevelopment of #Bristol considering the 50 years old building is coming to the end of it's life, but it does raise the question "How much student accommodation is too much student accommodation"?   On one hand, the rise in student accommodation addresses the growing demand for housing among students attending universities in Bristol. It provides students with access to suitable living spaces close to their educational institutions, fostering a conducive environment for learning and academic engagement. Moreover, it contributes to the city's economy by generating revenue through rental income and supporting local businesses that cater to student needs.   However, the expansion of student accommodation also poses challenges. It can exacerbate housing shortages for non-students, leading to increased competition and rising rental prices in the broader housing market.   Are we in need of more student accommodation or so we in fact need more affordable housing for the wider population?  It has been proposed that in a commitment to affordability, 20% of co-living homes will be offered at Local Housing Allowance rents. But is this enough in a country where the struggles for home ownership is more that clear. So what is happening to the sites? 👷♂️ The current 20-storey Premier Inn will be demolished to make way for two new buildings of 132 co-living homes and 442 student accommodation bedrooms.   🌲 An incredible two-thirds of the site will be transformed into public, planted open space, featuring a new pedestrian pathway enhancing connectivity between Bristol Bus & Coach Station and Broadmead.   ⛪ Care has been taken to seize the opportunity to create new heritage views for the city in redeveloping the site.   👨👩👦 The hotel will continue to trade for the time being developers work through the details of the planning consent with the Council. #UrbanDevelopment #Sustainability #BristolCityCentre #Whitbread #OlympianHomes #CommunityLiving mustard

58 home application with zero affordable submitted in Cornwall, a county where the affordable split is usually 50/50. Is this the first of many? We all know material prices have increased and for many it is no longer viable to build new homes, especially in areas where the GDV may not be as high as in others. It will be interesting to see if the council agree the project won't be viable and approve this application. The developer has offered to give away a piece of land to the council for them to build a primary school in return for an approval. What do you think of this application? Good, Bad or Ugly? https://lnkd.in/ejkj3HRg

Navigating Off-Campus Housing? Here's What to Consider! Student housing at the University of Delaware has been a topic of interest for Newark officials for quite some time. Back in 2014, the city conducted a rental needs study, revealing a growing demand for approximately 50 additional apartment units annually to meet the needs of the community. With the University's student population steadily rising and on-campus housing options dwindling, private off-campus developers have stepped in to bridge the gap.   While this shift necessitates additional research and planning from students and their families, resources like the University of Delaware Housing, Sublets & Roommates Facebook page exemplify the supportive nature of the UD community in navigating this aspect of the college experience.   Venturing into the realm of off-campus housing can feel like diving into the unknown, but fear not! Let Lang break it down and make it a bit less daunting. Here's a comprehensive look at the key factors to consider as you embark on your housing hunt:   Group Size: Before diving headfirst  into your search, take stock of how many roommates you'll be living with. This crucial piece of information will help narrow down your options and ensure you're considering properties that comfortably accommodate your group. Number of Bedrooms/Bathrooms: Once you’ve got your group size confirmed, it’s time to think about your living preferences. Does everyone in your group desire their own private bedroom, or are you open to sharing? Some .... For complete article, click https://lnkd.in/eFaadxrP  

The other day I pondered what EMU's Housing Plan would do to Ypsilanti real estate and today Peninsular Place was listed for sale, interesting! The Offering TSB Realty, LLC has been engaged by ownership to sell Peninsular Place (the “Property” or “Pen Place”), a 183-unit | 478-bed mid-rise property located adjacent to the northern edge of Eastern Michigan University’s (“EMU”) campus. Peninsular Place is the only purpose-built student housing community catering to students in Ypsilanti, Michigan. Peninsular Place is the best located student housing or student competitive property in the market. Adjacent to campus, students have access to every academic building, restaurant, and retail within a 15-minute walk. Downtown Ypsilanti is less than 5-minutes away by car or bus, with stops adjacent to the property. Units are furnished, feature hardwood style flooring, fully equipped kitchens, in-unit washer & dryers, private bathrooms and full bed-to-bath parity. Eastern Michigan University is among the most diverse public universities in Michigan. Catering to a student body of nearly 14,000, the university provides a high-quality education at an affordable price. Named a “Best of the Midwest” university by The Princeton Review for 19th consecutive years, EMU imparts expert knowledge in a wide variety of subjects through its eight colleges and schools including rare research opportunities as one of eight institutions in Michigan classified as R2: Doctoral University – High Research Activity.

New Planning change in Nottingham - mandated 80% cluster flats in new PBSA developments. Nottingham has seen a large pipeline of PBSA come to fruition with more beds still in development or going through planning. Mandating 80% cluster flats in new build PBSA developments (and we assume refurbs) has the purpose of enticing student groups away from the HMO market. Will it work? Nottingham is the latest city that we are receiving the most calls about (behind Coventry, Sheffield, Leeds and Southampton) where operators are behind on occupancy given the large number of beds that have destabilised the market and other factors. By mandating clusters, we expect that the pipeline will slow quite considerably and opportunistic developers/investors may be put off because they can’t load up the room mix with studios to make the development ‘stack up’ (find out more about ‘stacking up’ on Housed episode 11). Either way, this measure should be one of the levers that local authorities can pull to ensure the right beds are built in the right locations and at the right price. Want to know more about Nottingham as a market or how to ensure you maximise your occupancy and revenue in one of the UK's more mature university cities? Get in touch with Student Housing Consultancy. #pbsa #studentaccommodation #nottingham Nottingham Trent University University of Nottingham #studenthousing #intled #highered https://lnkd.in/euSPYtHZ

Planning refused for student apartment plan on Cork's Model Farm Road: The proposed development was to be made up of three apartment blocks, ranging in height from two to five storeys