On the Central Coast, there’s one big exception to the industry-wide slowdown of the residential real estate market: university housing.
Area colleges are planning, building or opening dormitory projects that could add more than 8,500 beds to the region’s student housing stock and 2,500 faculty and staff residential units.
California Polytechnic State University, San Luis Obispo, has spared no amenity in the design of a $300 million Poly Canyon Village residential complex partially open on campus. Upon completion, the apartment-style dorms will offer nearly 2,700 new beds. The final product will total 800,000 square feet and be made up of more than 600 four- and five-bedroom apartments sleeping four to six students in mainly single bedrooms. Each apartment includes a shared living space, kitchen and two bathrooms.