Lexington student housing proposal faces community opposition amid local shortage
What happened
Up Campus Student Living proposed a 10-story luxury student apartment building near the University of Kentucky in Lexington. The project, which would include 251 units with projected rents ranging from $1,200 to $1,700 per month, requires approval for a zone change. The proposal is facing criticism from neighborhood residents, including Nachie Braga of the Cardinal Valley Neighborhood Association. City officials note that the development could help address Lexington's housing shortage of more than 22,000 units.
From kykernel.com
Why it matters
The project directly addresses a reported shortage of over 22,000 housing units in Lexington. Officials suggest that increasing student-targeted housing supply could expand housing options and increase prices for other rental units in the community.
From kykernel.com
Who's involved
- LexingtonThe city where the proposed housing development is located.
- Jim DuncanDirector of Lexington’s division of planning who supports the development.
- BragaPresident of the Cardinal Valley Neighborhood Association opposing the plan.
- University of KentuckyThe public university near which the student apartment building is proposed.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- University of KentuckySpeculative
The University of Kentucky might see increased housing supply near the campus, potentially affecting local rental demand.
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The entities involved
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Lexington
city in and county seat of Fayette County, Kentucky, United States