OSWEGO — Construction work on a new student apartment complex has kicked off in Oswego with a planned opening in the fall of 2013. Premier Living Suites will feature 18 three- and four-bedroom apartments. The three-story, 29,000-square-foot building will also feature a finished basement, a recreation room, fitness center, televisions in common areas, a lounge, […]
OSWEGO — Construction work on a new student apartment complex has kicked off in Oswego with a planned opening in the fall of 2013.
Premier Living Suites will feature 18 three- and four-bedroom apartments. The three-story, 29,000-square-foot building will also feature a finished basement, a recreation room, fitness center, televisions in common areas, a lounge, a movie theater, and a computer area.
The furnished apartments will have two bathrooms, a kitchen, living area, and 40-inch flat-screen televisions. Amenities like cable television and wireless Internet are included in the rent, says Greg Furlong, one of the project’s developers.
Premier Living Suites is an affiliate of Furlong Properties, which owns several student-housing properties in converted houses around Oswego. The Premier project is the first time the company has undertaken a project of this magnitude, Furlong says.
The complex will also feature a security system with an identification card required to enter the building. Residents will have access to a free continental breakfast, fitness classes, and onsite parking.
The complex will be located at 247 W. Utica St., about a half mile from the campus of the State University of New York (SUNY) Oswego. Furlong says there is a need for more premium student housing in the city.
SUNY Oswego added a complex of its own similar to Premier and has seen a good response, Furlong says. A number of other colleges around the state have done the same and private companies have been adding luxury student housing close to campuses in recent years as well, he notes.
Much off-campus student housing is run down and landlords often overcharge, Furlong contends.
“We looked at what everyone else was doing,” he says of the Premier project. “We tried to raise the bar. We felt there was a huge need for good housing.”
The apartments will be ready for leasing next fall.
Another Furlong Properties sister company, Furdi Homes, is building the complex. The company specializes in modular homes and Premier will be built using the same approach.
Using modular building techniques will allow developers to keep the project’s cost down, Furlong says. He declined to discuss the exact cost, but says it will be well under $100 per square foot.
Contact Tampone at ktampone@cnybj.com