University of Toledo announces major residential overhaul
The University of Toledo will soon be upgrading its on-campus living options.
TOLEDO, Ohio — The Collegiate Housing Foundation and American Campus Communities, which developed and manages Honors Academic Village on the northwest corner of the main campus, will be partnering with the university once again.
The 35-year ground lease agreement will invest between $184 and $271 million, depending on changing market costs, in upgrades to campus residence halls. This partnership will also help to address deferred maintenance issues. Approximately $100 million will be capital investments, beginning with a large renovation of Presidents Hall.
The Presidents Hall renovation will take place over the next two years, transforming the living spaces and providing increased flexibility with four-person, six-person and eight-person suites that’ll feature modern design and furnishings, with the addition of kitchenettes.
Plans will also be drafted to renovate International House, MacKinnon Hall, McComas Village, Ottawa Hall, and Parks Tower. The university plans to close Academic House.
Multipurpose spaces also will be added to provide more study and social spaces in the building. University leaders have held several focus groups with students and are seeking additional input regarding what students want to see in the renovated building, expected to open in the fall of 2024.
