Student Housing Business

JAN-FEB 2018

Student Housing Business is the voice of the student housing industry.

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ARCHITECTURE & DESIGN January/February 2018 54 room, four-bath suites and they were economical and very much the same, with a nice pool area. Today they are more like apart- ment communities than dorm or suite communities. There are more small, micro-unit efficiencies and one-bedroom apartments. The overall size of units has shrunk, but within them you'll find the larger bathrooms preferred by the increasingly female student popu- lation; 60 percent of students are women. The layout of the units has changed too. There are more terrace units with a patio for out- door grilling and townhouse units where you have four bedrooms upstairs and a living room, bath- room on the ground floor, for instance. Faulkner: We are still design- ing a lot of four-bedroom, four- bathroom units, which has been the best economic model. We are designing VIP floors and private pools, townhome and penthouse units, with some studios and one-bedroom units. We also have some projects with five- and six- bedrooms units. Owners are try- ing to capture the whole price spectrum to continue to fill up new product. This is still the top 10 percent of renters that can pay — or parents who can pay, as I am doing now at Ole Miss for my son, Hunter, a first year Gen Z student. He actually wants a house there now versus a dorm or new stu- dent place. I had two roommates in a two-bedroom in Austin back in the day. Bartash: We've seen a symme- try between the developer push for compressed unit footprints to maximize revenue while main- taining the same level of student experience with the Gen Z finan- cial mentality. While they may be more fiscally conservative, they are also more realistic than their generational predecessor. That means they're less likely to be looking for a bargain on the cost per square foot of the apartment if the amenity space can balance out what they are looking for. SHB: Maximizing flex space has been at the forefront of the student housing discussion the last few year. Are you seeing new trends here? What recommendations are you making to clients? Moltzan: Tech and social media have enabled not only friends, but also, hobbyists, and focused- minded people to come together. When people are happy with their home and excited about their environment they do the adver- tising for you. Some small but powerful spaces include a small black box auditorium outfitted with stage lighting, good speak- ers, stage microphone, projector, and other equipment, for speak- ing events, performances, mov- ies, etc.; a conference room with tech; classrooms; and innovation hubs or incubator hubs where stu- dents can start businesses. Tech systems have to be reliable. Noth- ing is more damning than failed technology. Bartash: Flex space truly has been a hot topic recently. With all the intricate needs of the student population, providing space with multiple functional uses with minimal physical change is criti- cal. Spaces need to bridge the gap between one-on-one study ses- sions and large community meet- ings without much more than the shift of a chair. This correlates to the incoming Gen Z mentality as they are focused on individual- ity and independence and look to engage in spaces where they can have a personal experience, yet engage with the surrounding community as much or as little as they want. Minozzi: Standard amenities such as hospitality areas, study rooms and game rooms were designed specifically for each of these activ- ities. Younger generations man- age these activities differently, choosing to study in a game room or hospitality area instead of the traditional study room or table setting. In response to these new behaviors we have to create spac- es that provide for this flexibility of use. Study rooms with lounge space and sofas, game rooms that are separated into micro lounge areas or various game lounges. Ecospan Composite Floor System Nucor Vulcraft National Accounts 6230 Shiloh Road, Suite 140 Alpharetta, GA 30005 (678) 965-6667 888-375-9787 CERTIFIED OUR VERSATILITY IS IDEAL FOR ALL BUILDING TYPES. Ecospan's Composite Floor System is an integration of steel components with open web design for low, mid, and high-rise structures. Using a unique configuration of components with high strength-to-weight ratios, our innovative system allows for longer spans, shallow floor depths, greater rigidity and enhanced performance – without sacrificing aesthetics. With steel joists and steel decking produced from recycled steel, Ecospan provides open web structural components with a lighter weight composite design for elevated floor construction. Apartments Student Housing Office Buildings Senior Living Hospitality MARY MOLTZAN Principal, Charlan Brock Associates

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