Major Chicago-based real estate developer Clayco figures the key to success in Eugene’s increasingly competitive student housing market is building high-rises as close as possible to the University of Oregon campus.
No surprise then, the company says it will begin construction in September of a 15-story, 491-bed high-rise at Alder Street and 13th Avenue, less than a block from the UO’s main entrance.
Clayco may need every marketing edge it can get, given the many large new student apartment complexes within walking distance of the UO that have pushed campus-area rental vacancies to their highest in many years. Owners are offering renters “aggressive incentives,” including gift certificates, laundry credits and one to two months rent free, a study found last fall…