October 11, 2019
A partnership between Wayne State University and Corvias completed the Anthony Wayne Drive Apartments at Wayne State in Detroit. Through this $307.5-million partnership, 841 new beds have been successfully delivered, the Helen L. DeRoy Apartments were demolished to make way for a green space, and an additional 370 renovated beds are coming in the Chatsworth Residence Hall.
Corvias, which partners with higher education and government institutions, will manage all 2,654 beds on campus moving forward. Anthony Wayne Drive Apartments will also feature more than 17,000 square feet of new retail space, along with the recently opened 9,000-square-foot Campus Health Center.
“Our partnership structure provides Wayne State University with an innovative financing solution that meets student housing and related infrastructure needs in the short-term, while simultaneously improving Wayne State’s financial strength and the sustainability of the program over the long term,” said Michael De La Rosa, principal at Corvias.
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