![]() ![]() One more added bonus, renting a studio requires far less cleaning due to the smaller square footage. Some landlords offer studio apartments with all utilities included in the flat, monthly rent, an extra financial benefit. Not only is it cheaper to rent a studio apartment than a one bedroom, but you also save on utilities and electricity due to the smaller living space. Studios apartments are ideal as an economical option. Add storage space by installing a makeshift closet, floating shelves and under-bed containers, or invest in multipurpose furniture such as ottomans or coffee tables with hidden storage. If your prospective studio lacks storage, get creative. Closets and cabinets help your studio feel more organized and spacious, avoiding a cramped or claustrophobic environment. When shopping for a studio, look for a unit with ample storage space. A studio typically consists of one bathroom and a main room that serves as the living room, bedroom and kitchen. Wayne State University is a premier institution of higher education offering more than 350 academic programs through 11 schools and colleges to nearly 33,000 students.Studio apartments are an excellent choice if you don't have many possessions or if you're planning to live alone. Overall, South University Village represents more than a $50 million investment in the city of Detroit over the next five years. Phase Two of the South University Village project will add another $20 million of new construction in 2010-2012 with a second five-story apartment or condominium project along Canfield just west of the The Whitney Restaurant. "The DEGC believed in the project's merits and was excited to open the doors to its success." Each apartment at Studio One Apartments is equipped with air conditioning, hardwood. With 47 amenities and features, residents will enjoy a comfortable and convenient lifestyle. "South University Village demonstrates what happens when major stakeholders such as Wayne State University and its partners embark on a shared vision," Jackson says. Located at 4501 Woodward Ave in Detroit, MI, Studio One Apartments offers a unique urban living experience that is filled with culture, diversity, and excitement. In addition to Wayne State, development partners included the Michigan Economic Development Corporation (MEDC), the Detroit Economic Growth Corporation (DEGC), TAKTIX, a Detroit-based real estate consulting company, Grand Rapids-based Prime Development and a number of private and public corporations and foundations.ĭEGC President George Jackson and Mayor Kwame Kilpatrick believe the South University Village project signals a further development of Midtown around Wayne State that will energize the area and enrich the community. During his 10 years as president of the university, Reid presided over a total of 15 groundbreaking ceremonies for new buildings, building expansions and campus infrastructure improvements that totaled nearly a billion dollars in economic investment - made possible in part by the success of WSU's Wayne First Capital Campaign. The grand opening of South University Village and Studio One Apartments marks Reid's last ceremonial ribbon-cutting at Wayne State, from which he will step down as president on August 1, 2008. "Wayne State University has demonstrated the way in which private/public partnerships can be catalysts for economic development and renewal in an inner city." "The South University Village projects have created 195 construction jobs, and will eventually lead to 50-150 permanent jobs among the retailers on site," Reid said. Reid, Wayne State's involvement as a lead partner in the development of Midtown also has been an economic boost to Detroit. WSU and Prime Development, the Grand Rapids-based developer of Studio One Apartments, embarked on the university's first private/public real estate venture in March 2007 when they broke ground on the $36 million project.Īccording to Wayne State University President Irvin D. The 950-space garage, on Forest Avenue, also includes first-floor retail. Wayne State also built and financed a four-level parking garage connected to the apartment building to accommodate the residential/retail complex, the general public and the university. The project's location on four acres at the former site of the old Vernors ginger ale factory, will be a commercial corridor marked by residential facilities such as Studio One Apartments, as well as shops, restaurants and anchor tenant Fifth Third Bank. ![]() Wayne State's role as a leader in the South University Village project represents the university's overall commitment to economic development in Midtown, Detroit and Michigan. Tuesday, July 29, on the site at 4501 Woodward Avenue in Detroit. A ribbon-cutting ceremony will be held at 2 p.m. Wayne State University is celebrating the grand opening of the first major market-rate residential project of its kind in Detroit in more than 30 years - South University Village's Studio One Apartments. Public-private development partnership spurs residential and retail growth in Detroit's Midtown ![]()
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