Terre Haute, Ind. — A new student housing community in downtown Terre Haute serving students of Indiana State University has opened.
More than 250 ISU students will move into the new project located on Wabash Avenue.
The community was built by a partnership between ISU, Thompson Thrift Development and TIAA-CREF, which financed the $22.7 million project.
Amanda Knerr, ISU executive director of residential life, says the new housing, “provides a great new amenity for our students, where they still are connected to campus and all those resources that are there, but they also have the opportunity to really integrate and connect with our community as well.”
The building features 75 apartments of one to four bedrooms in the upper four floors of the five-story building, which will house juniors, seniors and graduate students.
The first floor of the project features retail and office space. The university is leasing the student housing portion of the property from Thompson Thrift and renting the apartments to students.
Student housing occupies approximately 103,000 square feet of the building’s total 125,000 square feet. Apartments come furnished, and all utilities, including cable television and wireless Internet, are included in rent. The apartments include fully equipped kitchens, and many offer scenic views of downtown.
Indiana State has completed several housing renovations and expansions recently. Mills Hall will reopen this month following a renovation. It is the first of four buildings in the Sycamore Towers complex, which was built in the 1960s, to be upgraded. Renovation began earlier this year on Burford Hall and is scheduled for completion in August 2016.