12b
Monday, August 27, 1990 / University Daily Kansan
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Apartments in short supply
By David Roach
Kansan staff writer
Most complexes stay full despite predictions of overbuilding
Off-campus housing is in short supply, and students should not expect bargains, some area apartment managers said.
Jane Hoss, general manager for Trailridge Aparthouses, 2500 W. Sixth St., said most large complexes in Lawrence, including Trailride, trailroad, and predications earlier this year that the investment supply outstroked demand
"The talk was that the Lawrence market was overbuilt, and everyone was going to see a 2- to 3-percent vacancy rate as opposed to zero percent in the past," Hoss said. "It just didn't happen."
Apartment construction has come almost to a halt during the past two years, said Jim Sherman, a Lawrence building inspector. In 1989, comparison units were built in Lawrence, compared with 367 in 1988 and 473 in 1988.
The tally this year stands at about 40, he said.
"Multi-family construction is picking up compared to last year, but it's
still down," Sherman said.
The University of Kansas has not supplemented its organized- living quarters since 1838, when it acquired the mansion at 520 W. 6th Street, benie, associate director of houning.
However, plenty of space is still available in Lawrence, he said.
Student housing maintains a bulletin board for students to advertise living quarters. McElhenie said
“It's jam-packed with ads from people looking for roommates," he said.
Mike Walrud, a leasing agent for Kaw Valley Management Inc., said that about 75 percent of Kaw Valley's 400 to 500 apartments were occupied but that studio and one-bedroom apartments were in short supply.
Hoss and Walrod said the strom, demand for apartments meant they did not need to offer special incen- erate rates to attract student renters.
"This is sad." Hoss said. "The Lawrence market does not have to offer special promotions. There's a certain number of students, and it
works."
About two-thirds of KU's students live off campus. That number has remained fairly constant through the years, McEllenie said. He said students often ran into problems during their first year living off campus.
"Generally, it's the problem of price," McElheneie said. "Rental homes come as a real shock to students. It can shock that they have to pay utilities."
Dan Dillon, Glencoe, Il., junior,
agreed. He said he moved into an apartment two weeks ago after
adding two years in a residence hall.
"In an apartment. It all up to you.
You're no longer a number. Therefore,
you're more responsible for
yourself."
"You don't get your one housing payment," Dillon said. "You get a bill from Southwestern Bell; you get a bill from Commonwealth Edison; you Com Ed (Commonwealth Edison)
Dillon said that living in an apartment was more expensive.
"But then again, you get what you pay for," he said.
Moscow to build U.S.-style condos
The Associated Press
EAST HAVEN, Conn. — Will a luxurious condominium project lose anything in translation when builders design its design near a lake outside Masonville.
Victor Malnev doesn't think so - even though wood will be replaced by concrete and steel.
"Maybe it will even look nicer than here," he said as he toured the Four Beaches condominium development on Long Island Sound.
Maline is chairperson of the Soviet farm collective Zavet Iyicha, which is jointly developing the suburban Moscow project with Senie Kerschner International Housing Ltd. of Westport.
The 1.000-member collective not only will lease the land for the project but also will provide produce for
those living in the complex, the first of its kind in the Soviet Union, Malnew said.
Groundbreaking for the $130 million townhouse community, designed to house foreign businessmen, is scheduled for the end of September. The first of 328 units, to be built a month ahead, is expected to be ready by July 1991.
The international residential community, to be named Rosinka, is modeled on Four Beaches, a 133-unit condominium community consisting of three-story, wood-frame buildings of wooden promenades and decks.
Rosinika's three-story buildings also will have New England-style architecture but without wood floors. The building permits flammable materials, said
Dick Williams, project manager for Kerschner.
Instead, Rosinka will be constructed of concrete with a steel molding designed to look like the cedar clapboard on the condos at Four Beaches, Williams said. The stairwells will be built of glass and concrete rather than pressure-treated wood.
Since the project was announced in April, at least 18 companies from the United States, Western Europe and Japan have reserved units, said Christopher Senie, secretary of the Senie Kerschner International.
Apartment sizes at Rosinka will range from 1.248 square feet to 2.712 square feet for a two-story townhome; apartment sizes will range from $45,000 to $82,000.
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