POTSDAM As Collegiate Village prepares for students return, construction will soon begin once again in the Main Street apartment complex.
The complex is owned by Chason Affinity, a Buffalo company that also owns Lawrence Avenue Apartments, and is designed with college students in mind. It opened last semester after the first phase of construction, and the next phase will bring it up to a full complement of 50 cottages.
The 24 existing cottages had a 90 percent occupancy rate last semester. The company had hoped every bed would be full, but advertising for the apartments did not begin in earnest until last April, according to General Operations Manager Gregory J. Newman.
Mr. Newman manages both the new Potsdam complex and the original Collegiate Village in Buffalo.
Without much time to get the word out to students, he said, a small dip in occupancy is to be expected.
We were very happy with that, Mr. Newman said. We got a little bit of a late start last semester.
Once the remaining 26 cottages are completed, Collegiate Village will offer 100 apartments and enough rooms for 300 students.
Rent is $700 per student per month for a 12-month lease, or $767 for a 10-month lease.
The cottages are modular, and largely assembled off-site, according to Mr. Newman. Construction will begin soon.
In addition to the apartments, Collegiate Village will soon open its community center, which includes a fitness center, lounge, computer room and study rooms for residents. It will also feature a music room to cater to many residents who attend SUNY Potsdams Crane School of Music, Mr. Newman said.
The community center will be open this month.
Were very happy to be here, Mr. Newman said.
Collegiate Village drew criticism with local residents when it was first announced, as Chason Affinity pursued a lucrative payment-in-lieu-of-taxes agreement with the town and village of Potsdam. The agreement was denied by the town board.