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Known for innovative school designs such as the award-winning Bronx Charter School for the Arts as well as for district-wide analysis and planning, the architecture firm developed a number of design and planning strategies for school reopenings to meet the needs of all students.
Pandemic-related closures began during the crux of the conventional leasing season, which has caused traditional apartment operators to modify on the fly. While traffic patterns have also shifted within the student space, the data provides hope and shows student leasing has so far avoided disarray.
Student housing thrives where scores of students need a place to crash while attending classes—live, in-person, on-campus classes. What should be a solid play for commercial real estate appears headed for hard times. Student housing as “the next falling domino” in the commercial real estate industry.
Unlike traditional apartments, student housing has a leasing schedule set by the academic calendar and is priced per bed, not per unit. These details will make pricing student housing assets more challenging through the economic dislocation caused by the coronavirus pandemic.
Whether it’s deploying technology to maximize energy efficiency, moving on from printed products and plastic pet waste bags, or strategically designing communities with sustainability and environmentally responsible practices, the industry is embracing the green movement on an unprecedented level.
For many apartment owners, this means preparing to open their communities and regional and corporate offices in the days after shelter-in-place policies are lifted in their states—whether or not they are fully comfortable with the state’s policy.
The lines were blurring for some apartment communities when it came to defining “emergency” maintenance work orders based on Covid-19 safety protocols. But with more and more states relaxing some of their rules, apartment communities have expanded their own policies.
Vantage Management, announced it has taken over management responsibilities of Timberlawn Crescent apartment community in North Bethesda, Md. Timberlawn Crescent features both market rate and affordable housing homes among its 107 apartments and townhomes.