Developer eyes property near UO

Developer eyes property near UO

Demand for new University of Oregon student housing is soaring, as a developer considers building a 12-story apartment tower near campus.

A Chicago-based developer [from LG Development Group] who specializes in student housing has submitted a preliminary inquiry to the city about building a student tower on the site.

LG is just the latest entity to glom onto the UO enrollment boom. Numerous local and regional developers in the past several years have rushed to build student-housing complexes near the UO. Alabama-based Capstone is demolishing the former Eugene Clinic building, clearing the site to build a proposed 230-unit apartment block for students, the first phase of a proposed 475-unit complex.

Read more at The Register-Guard.

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