BOARD APPROVES UNIQUE PLAN FOR RESIDENCE BUILDING
At its April 23 meeting, Akron’s Board of Trustees approved the design and financial package for the building of a 118,000-square-foot, $20.8 million building that will combine space for housing and academic courses for students in the University Honors Program.
Tentatively called the Honors Student Housing building, the new structure will comprise two wings joined in an “L” shape. It will be built at the southwestern corner of College Street and East Buchtel Avenue.
A six-story residential wing will front on College Street, across the street from the Buchtel College of Arts & Sciences building. This residential wing will house approximately 300 students. A two-story academic programs wing will front on East Buchtel Avenue.
Construction is expected to begin in June 2003 and, following a rapid construction schedule, the building is expected to ready for occupancy by August 2004.
“This building will have state-of-the-art accommodations for our students, and will provide a beautiful new gateway to the center of our campus,” said Ted Curtis, vice president for capital planning and facilities management.
The design for the building includes incorporating Orr Residence Hall as an adjunct wing, and establishing a courtyard adjacent to it.
The new residence hall is to be built in a unique financial arrangement with Signet Development Ltd. Signet will act as project manager, and will hold title to the building. It will lease the building to the University for 25 years then will sell the building to the University for $1.