OPPapers.com Essay Index >> Miscellaneous >> The Lap Of Luxery
We have many free term papers and essays on The Lap Of Luxery. We also have a wide variety of research papers and book reports available to you for free. You can browse our collection of term papers or use our search engine.
The Lap Of Luxery. With the booming demand for student housing in the area, some
developers are turning to something new to lure in renters: "luxury" amenities. ...
Submitted by sparkles314 on December 1, 2005
Category: Miscellaneous
Words: 2081 | Pages: 9
Views: 116
Popularity Rank: 88,815
Average Member Grade: N/A (Add a Comment / Grade this Paper)
With the booming demand for student housing in the area, some developers are turning to something new to lure in renters: "luxury" amenities.
When Conquest Student Housing opens its newest building, Tuscany, in August, more than 500 students will have the opportunity to live in a facility with a health spa and state-of-the-art fitness center touting individual plasma TVs.
"It's the most amenized, luxurious housing ever at USC," said Casey Smith, assistant manager for Conquest.
Quality amenities in the area have also become the motto for CDI Management Inc.
"I want to provide (tenants) more than they're paying for," said Harold Tennen, president of CDI. "If there's anything to be done in the building, we spare no expense."
Dowell Myers, professor of urban planning and demography, said additional developments are good for students and the community.
"The location near campus is an amenity by itself," he said.
USC students spread out citywide and do not concentrate their housing demand solely around campus, he said. But a housing shortage in general is backing students up toward campus.
"It's much preferable to have new housing develop around campus then have students travel long distances," Myers said. "More housing close to home here is a good thing."
Market shifts
Increased demand near USC is part of the larger housing demand in Southern California.
Housing has become more expensive in Southern California since 1992 or 1993 and there has been acceleration in recent years, said Raphael W. Bostic, associate professor and director of the Master in Real Estate Development program.
But this has simply been an acceleration of a longer-term trend, he said.
"It's happening rapidly, and it's happening in places that historically have not been part of that mix," Bostic said.
...
You must Login to view the entire paper.
If you are not a member yet, Sign Up for free!