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Luxury student housing project under way in Champaign

Posted June 03, 2018 7:00 am

The Associated Press

CHAMPAIGN, Ill. (AP) - A developer from Rhode Island has begun work on a 538-bed luxury apartment building for students in Champaign.

The (Champaign) News-Gazette reports that Gilbane Development Co. hopes to open the new housing development in summer 2019.

It's located near Champaign's Campustown on the site of the former Marquette School. Public records show Gilbane bought most of the block in August 2017 for $6.8 million.

The luxury housing will include furnished apartments with a bathroom for each bedroom, washers and dryers in each unit and a 50-inch flat-screen TV. There will be a heated pool, hot tub, rooftop terrace, fitness center, business center, computer lab, club house, game room, picnic area and group study rooms.

Marketing manager Stephanie Handfield says rents are "to be determined."

It will be called Octave.

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Information from: The News-Gazette, http://www.news-gazette.com

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