FARGO-A new student apartment building nearing completion next to the North Dakota State University campus here offers a unique lease agreement and prized perks for millennials.
The details are starting to come together on the $23 million project known as The Bridges, with an August completion date looming.
Leases are drawn up individually or "by the bedroom," a concept new to this area, according to Brent Tabor with PROffutt Limited Partnership, the real estate division of the R.D. Offutt Company that is developing the project.
That way, a student isn't responsible for a roommate's rent if they decide to move out.
"It's kind of the dorm concept, but yet this is your next step in life to live free, live off campus, but yet still be part of campus," Tabor said.
The building at 1601 N. University Drive, across from the Sanford Health Athletic Complex, houses 108 apartments arranged in either one-, two-, three- or four-bedroom units.
Tabor said only individual leases in four-bedroom units remain, as all others are spoken for.
It costs a student $549 per month to rent a bedroom and shared living room and kitchen in the four bedroom unit. All bedrooms in the building have their own attached bath.
Virtually everything is included in the monthly rent, from utilities to high-speed internet and cable. Only cable upgrades and underground parking cost extra, Tabor said.
The apartments are fully furnished, with each featuring a 50-inch smart TV, granite countertops, stainless steel appliances and a washer-dryer unit.
There are study rooms on each floor, and a cyber cafe, fitness center, game room, and outdoor courtyard with grills and firepits round out the package.
Greystar Student Living, a Texas-based company, is managing the apartment complex.
Unless a student plans to live in a unit with friends, they'll be matched up with others through a roommate matching system.
Community manager Robin Salter said the goal is to put people together who have similar lifestyles.
"So a night owl, we're not going to match with someone who likes to get up at 8:00 a.m. every day," she said.
Safety is a priority with secure entrances and 90 security cameras on the premises, and each renter gets their own bedroom key, since some roommates may not know one another.
"Each bedroom is like their own efficiency unit, in a sense, to where they can lock their door, as well, when they leave," she said.
Amenities are focused on technology.
Internet service will among the fastest in Fargo, Salter said, so someone streaming next door won't affect the connection in your unit.
In the fitness center, each piece of equipment will have an interactive screen.
"You can watch Netflix, Hulu or race somebody in China if you want," Tabor said.
The complex has also signed on with on-demand fitness company Wellbeats, allowing students to do yoga, kickboxing, Tae Bo or spin cycling.
If they'd rather exercise in their apartment, there's an app for that, he said.
The complex also has a large, automated vending machine on the first floor that will be filled with snacks and necessities, including milk, cereal, fruit, and items such as laundry detergent.
Salter said she'll take a survey early on to see what students want.
"We will definitely stock it as a one-stop shop so they don't have to leave, with their busy schedule," she said.
Move in day at The Bridges is set for August 16. Until then, students can tour several completed units while construction is finished on the rest of the complex.