"Focus: Building & Real Estate" piece on the emerging niche market of privately-

Sara Donnelly

Source

Mainebiz

Date

2-11-2008

Pages

30-32

Abstract

"Focus: Building & Real Estate" piece on the emerging niche market of privately-owned and operated student dormitories. Some say that the private student housing market is ripe for expansion, especially in urban areas like Portland where the number of college students keeps rising but universities' on-campus housing budgets haven't. Developer Joe Cloutier says that his $22 million project, Bayside Village Student Apartment Complex in Portland, will be ready for students by August. In the fall of 2006, Orchard Trails opened in Orono. The 52-acre, apartment complex includes 12 buildings and 144 four-bedroom apartments, along with hiking trails, a fitness center, a DVD theater and a tanning booth. Miles Orth of Campus Apartments says that college student expect these high-end amenities. Orchard Trails' success thus far has been mixed.

Subjects

Student housing, Bayside Village Portland, Bayside Portland

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