Residents of Town House Apartments cannot sign leases for the next school year right now because of potential redevelopment. An email, sent on Oct. 19, stated the apartment complex will assess the redevelopment process in February and update residents.
If Town House Apartments redevelops, it will be renamed the Residences at Grove Park, and will increase in tax value by $31.3 million, according to a Chapel Hill 2015 Special Use Permit (SUP) modification application.
The sudden lack of housing left students scrambling to find new living arrangements for next year. Danielle Curtis, a junior environmental studies major and current Town House Apartments resident, said she and her roommate abandoned their plan to stay in the same apartment for their final semesters.
“In the end we did find it, but it was really stressful and a huge pain, especially after going through it last year,” Curtis said. “We thought ‘OK, we’re at Town House, we’re here now, it’s fine. We’ll be here for the next two years until we graduate,’ and then we kind of had to throw ourselves into that mess again.”
Town House Apartments remains an affordable option compared to other student housing within walking distance from campus. A two bedroom, one bathroom apartment at The Warehouse Apartments costs $974 per bedroom per month, while a two bedroom, two bathroom apartment at LUX at Central Park costs $989 per bedroom per month. At Town House Apartments, two bedroom, two bathroom apartment costs $550 per bedroom per month, not including utilities. Curtis said she now pays between $600 and $700 per month including utilities.