University of Missouri-Kansas City

Kansas City,

Student Housing Master Plan

In 2001 the University of Missouri-Kansas City engaged B&D to evaluate the extent to which the university and its housing facilities were meeting the residence life’s mission, keeping pace with national housing trends, and addressing future demands for housing. Prior to the purchase of an off-campus apartment building in 1999, the university had only 300 traditional-style beds in its student housing inventory. We were responsible for determining the feasibility and suitability of using that apartment facility as part of an overall residence life master plan. In order to develop recommendations, we completed an on- and off-campus market analysis, demand projections for student housing, a physical assessment of the existing facility, and a detailed financial analysis to test the feasibility of several housing development plans. Our findings revealed market and institutional support for the development of additional student beds and that these beds should be focused on incoming freshmen and sophomores. Next, we reconciled the demand for additional beds with the existing apartment facility in a financial model using traditional development and financing methods. Given the current financial conditions and assumptions, we demonstrated that a workable financial plan was not feasible. As a result, the university accepted our recommendation to develop new housing which resulted in the completion of a 559-bed, $22 million community built in time for the 2004-05 school year, the courtyard-style Oak Street Hall.

UMKC HIRES COMPANY TO STUDY TWIN OAKS OPTION

The University of Missouri-Kansas City’s governing board on Thursday hired a consultant to study options for UMKC’s Twin Oaks Apartments, but one board member questioned why the study was being done more than two years after the board bought the buildings.

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