Showing posts with label student housing. Show all posts
Showing posts with label student housing. Show all posts

Monday, August 28, 2017

Cambrian Rise first housing, Liberty House mostly occupied by college students?

The first part of the huge housing (700+ units), housing, hotel and commercial development, Cambrian Rise, on North Avenue opened this summer. Liberty House, the former Catholic orphanage, conversion to 32 studio/32 one bedroom apartments has been renting. Some interesting observations at the first housing Liberty House (the former Catholic Orphanage) with available unit rents between $1,350 and $1,900. A count of license plates today found 16 out-of-state and 13 Vermont. This does not include one covered motorcycle, a U-haul moving truck and a car with temporary Vermont plates.

With Burlington colleges opening this week, it is reasonable to assume that over half the renters so far are likely composed of out-of-state and even a few in-state students (2/3 of the 13,000 UVM student are out-of-state residents).