Chapel Hill News

July 25, 2014

Student apartments coming soon; Lux sees delays

Two student apartment complexes will open next month near downtown, but one will house tenants in hotels and other accommodations while crews finish the construction.

Two student apartment complexes will open soon near downtown, but one will house a third of its residents in hotels and other apartments while crews finish work on their units.

Shortbread Lofts, at 333 W. Rosemary St., will welcome tenants Friday, property manager Cindy Short said. The building has 271 bedrooms in 85 apartments. Rent on a two-bedroom unit is $1,850 a month.

But only two of the three apartment buildings at the Lux at Central Park project are expected to open by mid-August, said Travis Vencel, vice president of development for property owner Trinitas.

About 400 residents will be able to move in to the 602 Martin Luther King Jr. Blvd. complex on time, he said. The rest will have to wait until the third building is finished, likely by January, he said.

Those buildings offer 608 bedrooms in 194 apartments. They still have vacancies, Vencel said.

The Lux replaced the former Central Park Apartments and was approved last year as the Bicycle Apartments. Two-bedroom apartments there rent for up to $1,550 a month.

Both complexes offer furnished, luxury apartments with individual leases, which means tenants are only responsible for their own bills. Roommates share a full kitchen and living room, and each complex offers a full range of events, activities and services.

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