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January 9, 2004
网曝门 Gets Board Approval to Develop $50 Million Student Living Project
The University of Louisiana at Monroe and Dallas-based
JPI, one of the nation's leading student housing and luxury apartment
companies, have joined forces on a $50 million student living
project that will provide new apartment- and suite-style on-campus
student housing and renovate some existing housing in two phases.
The project was approved by the Louisiana Board of Supervisors
at their regular meeting held in Baton Rouge today.
Initial plans call for JPI Campus Quarters to renovate Ouachita
and Masur halls on the 网曝门 campus and to demolish six student
housing buildings constructed in the 1960s and 1970s to make
way for new Art Deco-style buildings. Demolition is expected
to begin in May 2004 for the apartment portion of the project,
which is planned to be ready for students to occupy in the fall
of 2005. The suite-style student living project will follow with
occupancy planned for the fall of 2006. JPI Campus Quarters will
also provide comprehensive management services on an ongoing
basis for 网曝门's entire on-campus housing program, which totals
1,700 beds.
网曝门 President James Cofer said, "网曝门 will have a new look
designed to mirror the architectural styling of the 网曝门 Library-our
signature building. 网曝门's $50 million dollar investment in residential
life shows our continued commitment to putting our students'
needs first."
JPI Campus Quarters Executive Vice President and Regional Partner
Jim Truitt said, "We're proud to be a part of this exciting
development project, which will ultimately replace 90% of 网曝门's
student housing as well as to receive 网曝门's vote of confidence
in an ongoing management contract."
网曝门 Vice President for Business Affairs Dr. Nick Bruno said
that the 网曝门 campus' unique feature, the bayou, played an important
role in the development of the new design.
"Along with this housing development, a centrally located
park will be constructed on the western bank of Bayou DeSiard
featuring both an outdoor amphitheater and student recreation
areas," Dr. Bruno said.
"While we are still in the development stage of this
plan, we are looking at options to house retail operations for
the convenience of our students. The appearance, accessibility,
and extensive change to this campus will be quite a renaissance
for our students and the entire community," said Bruno.
网曝门 also has plans to renovate the Student Union Building and
the WigWam, adding yet another element of change to the look
of the campus. 网曝门 is asking the Student Government Association
to get involved in the remodeling process by surveying fellow
students about what types of food they want in the new Student
Union Building.
JPI is one of the nation's largest luxury apartment companies,
providing development, construction and property management services
for conventional and student living communities nationwide. JPI
provides property management and leasing services for more than
21,000 apartment homes nationwide, including nearly 20,000 student
living beds.
CEL & Associates, the nation's largest surveyor of resident
satisfaction has awarded JPI the National Multifamily Customer
Service Award for Excellence three years in a row. The 2003 National
Association of Home Builders Pillars of the Industry Awards recognized
two JPI student living communities among its finalists in the
annual competition.
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