Boston — Groundbreaking has occurred for the first student residences at Boston University's Medical Campus. The $40 million project will feature 104 two-bedroom, fully furnished apartments. Retail and common space will be contained on the nine-story building's first floor. The façade of the building, which is located at 815 Albany St., will be constructed of brick and stone to match the character of the neighborhood.
Completion is slated for June 2012. Beacon Architectural Associates is designing the 86,000-square-foot building.
University officials state that the reason for constructing student housing for medical school students is to off-set the high cost of attending medical school, especially in Boston, which has historically high rental rates. The university intends to keep the monthly rent for the apartments affordable — as little as $800 for some units, compared to median rents of $2,000 to $2,700 for a two-bedroom apartment in the surrounding neighborhood.