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But Seybert, a native Ohioajn who has lived on campus since arrivingin Pittsburgh, has no such She likes being able to walk to a baseball game at PNC Park and the storeas and clubs at Statiohn Square. "Preferably I'd like to stay in she said. Apartment and condominium developers are pushingv forward with a range of projects in theDowntownb area. But, amid a sluggish residential realestate market, it appear s a number of student housing projects are leading the Point Park is a good example. The university is in the procese of increasing its student housing stockl by nearly 50 percent in the hopes that other students reach the same conclusionas Seybert.
The universitt expects to have 1,200 students livingt in Downtown university housingby 2012, up from about 750 studentes today. "Our president is emphasizing ... an environmengt where more students" want to live in student housinf Downtown, said Sue Oatey, vice president for student affairs and dean of students at Point The demandfor on-campus student housing, Oatey has been strong. Of the school's 740 all but one were filledthis fall. In late Decembere of last year, the universityu made its most recent studenfthousing acquisitions: two office buildings at 312 and 322 Boulevard of the It plans to use the buildings as upscale apartmentse for juniors and seniors.
The school, which paid $4.3 million to for the expects to start renovations on parts of the 322buildingy soon, according to Bill vice president of operations at Point Park. The designed by Squirrel Hill-based TKA Architects with Massarlo Corp. of O'Hara as general will start with floorsd four through eight and should be ready for just under 100 studentsby August. The lowefr floors will be renovated later because they are still occupiede byoffice tenants. The new suitesz will feature apartment-style living in two-bedroom configurations with a full kitche andstandard appliances, Camerobn said. "These are premier residential Oatey said.
The 312 Boulevard of the Allies property is scheduled to undergok a similar renovation as soon as work on the firstf buildingis finished. When both buildings are the school will have about 280 new Cameron said. Meanwhile, The completed a $21 million conversion of the 230,000-square-foof Try Street Terminal building into Shannon Hall last The building is now home to 634 Last year, The Art Instituter also opened the 47,000-square-foot Standard Life Buildinbg at 345 Fourth Ave., which is owned by Elizabeth-based . and maste r leased to the school. And five-story Miller Hall at 100 Smithfiel St.
, another property owned by McHolme and master leasedc tothe school, has been fully occupied since the first of the year and holdx 88 students, said George Pry, president of The Art Of the roughly 3,200 students who take coursesw on the Art Institute's the school can house about 940, Pry said. For the immediatr future, the school has enough spacew forits students. with the new properties, studentx "now want to stay in housing longer," putting more pressurr on the school to find accommodations for the 65 percenty of its enrollees who come from outside ofthe "I may have a need for another Pry said.
Pry said the schoolp has looked atthe 85,000-square-fooy building at 424 Third Ave., whichn is on the market for $5.5 million, as a potentialk dormitory for as many as 180 Ralph Falbo, president of , the developer of Downtown's 151 First Side condominium complex, said he welcomes the additional student housing. "I believe students are part of theDowntown fabric," he said. "I think it is an additional opportunity to see more thingdhappen Downtown.
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