BU's new dorm in today's Globe

The Globe takes a look at BU's newly opened 960-bed Student Village II dorm in the southeast corner of Allston - "perhaps the most opulent residence hall to ever grace the local college landscape". Hopefully this helps shift the balance in Allston a bit from student rentals towards owner-occupied homes.

There is also this fun time-lapse video showing Boston's range of weather and the construction of the tower.

5 comments:

  1. Note that BU officials said that this year was the first one in quite a while that "on-campus" students would not be housed in hotel rooms.

    So, at least to a significant extent, these are students being moved from hotel rooms to luxury student dorm rooms -- which doesn't relieve the rental housing market.

    Also note that a BU official said that, with this dorm, they now are meeting (undergraduate) demand for on-campus housing. That means they view there as being no additional need in the near-term to build additional (undergraduate) student housing.

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  2. Students were housed in hotels at the start of school. It was not permanent housing. This will take some students out of the neighborhood. There will never be 100% housing because some parents will find it cheaoper to have their children live off campus.

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  3. I think that in order to move allston towards owner-occupied homes, there need to be homes for owners to occupy. There are only 11 single family homes on the market in Allston/Brighton, and of those only 3 are under $400,000. For that you can get a mansion in Somerville, with servants and ponies and jackalopes.

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  4. Somerville has 10 single family houses for sale betweebn $500K and $250K. Most with very little land. I do not know if they come with servants.

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  5. Don't forget the jackalopes.

    Somerville did have a lot more single families under $400K for sale over the past year, but they got bought up. We looked at some, but my husband refused to consider any neighborhood other than Allston. A few of my friends bought houses in Somerville this year. The ones on the market now have been sitting there for about a year. I think there's maybe two new postings in the past couple months. The All/Bright listings are pretty stale too. And a few of the houses that were listed got pulled -- I guess the owners are holding out for better times.

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