The LSU Board of Supervisors last week voted to move ahead with a new $100 million apartment complex in Mid-City for its medical students. The new development is planned for the corner of Poydras and S. Galvez Streets.
LSU has approximately 3,800 students enrolled in its six local medical and health sciences schools and apparently only 250 LSU-operated units. The proposed project will house 600 students and will be the first new student apartments to be built for New Orleans-based LSU students in more than 50 years.
The proposed 10-story complex still needs to be designed, but the idea is that it will include dorm style units that will share bathrooms, kitchens, dining and living rooms.
The new studios will rent for between $1,100 to $1,250 per bed per month and the new one-bed rooms going for $1,350 per bed per month.
Funding for the $100 million project will come from tax-exempt bonds issued by the Louisiana Public Facilities Authority.
Provident of Baton Rouge and University Student Living are co-developing the project on behalf of LSU. Stantec is the architect of record and CORE Construction is the general contractor.