The developers planning Lincoln's newest student-oriented housing project will start work next month.
New Orleans-based Campion Development completed the purchase of five properties on the block bounded by Ninth, 10th, L and M streets, including the former P.O. Pears/Red 9 building, in August. The purchase price, according to county real estate documents, was a little less than $1.5 million.
One lot is vacant, and buildings on the other four lots will be torn down, starting with the former P.O. Pears — which has been mostly vacant since 2014 — and the smaller buildings directly south of it.
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Construction on the seven-story apartment building will start immediately after demolition, with Campion planning to have it open before classes at the University of Nebraska-Lincoln start in August 2022, Gries said.
The $42 million building will have a total of 575 bedrooms, with mostly four-bedroom dorm-style apartments, but also some one-, two- and three-bedroom units. The first two floors will feature townhouses with sidewalk access.
