Dearborn, prepare to welcome 500 new residents to the city in 2013.
Plans to add a student housing option for the University of Michigan-Dearborn students have been finalized, the university confirmed Tuesday.
The Union at Dearborn—located in the former Ford Land buildings at 760 and 780 Town Center Drive across from the campus—is set to open next fall. The $30 million Urban Campus Communities development will include apartments for more than 500 students.
And 500 new residents for the city who will eat, drink and shop in nearby businesses.
“This is such an exciting development for the City of Dearborn,” said Dearborn Mayor Jack O’Reilly in a statement. “We are thrilled that UM-Dearborn students soon will be able to call Dearborn home throughout the year and we look forward to welcoming them to our community.”
The 231,791 square-foot buildings that will be built on the property will be marketed to UM-Dearborn students and will feature space leased by the university for student life activities—including meeting rooms, student gathering spaces, group study rooms, offices for student organizations and a cabaret-style theater.
A public groundbreaking and community celebration will be held on site on Monday, Sept. 24, at 3 p.m.
UM-Dearborn Chancellor Daniel Little lauded the development as a win-win for students and the university, which is partnering with UCC, the sole funder of the development.
“Our students have expressed an interest in housing for many years, so we are pleased that this development allows students the opportunity of adjacent housing to enhance their university experience,” Little said. “With the reduction of state funding and our commitment to minimizing tuition increases, this public-private collaboration will allow the university to continue to invest in its academic mission, while transforming the campus experience for all students.”
Purchase of the property by UCC from Ford Land was finalized Sept. 13. Formerly, the buildings had been used as office space for Ford business, but have been vacant for some time.
“We are proud to be a part of this effort and to see these buildings being reused to serve both the community and student body,” said Donna Inch, Ford Land chairman and CEO. “The level of teamwork and dedication from everyone involved in this project has been impressive.”
“We are excited to be redeveloping this property in Dearborn, in collaboration with UM-Dearborn,” added Larry Winokur, managing member of UCC. “The Union at Dearborn is a great example of how successful public-private collaborations can work to enhance a community and bring new residents into the city."
National student housing group Asset Campus Housing will manage the property. Room styles will include fully furnished studios, two, three, and four-bedroom options. Final lease arrangements and rental rates will be available in the coming weeks. The facility will feature public laundry on each floor, as well as fitness and collaboration areas.
Additional information will be released as it becomes available at www.unionatdearborn.com.