EnVision Apartments, A New Green-Minded Living Community at The University of Akron

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Announcment regarding the creation of EnVision Apartments, a “Green-minded Advanced Student Living Environment”, a new student apartment community located just steps from The University of Akron campus. The first buildings will be ready for student occupancy January, 2011, in conjunction with the start of The University of Akron’s spring semester.

Our recipe for success has always been to make sure that our residents feel at home." commented, Edward Newman, Chief Executive Officer. "This new development will not only be a winner for the students, but also the University and the community.

Akron developers Edward and Herbert Newman and their partners today announced the creation of a “Green-minded Advanced Student Living Environment”, a new student apartment community located just steps from The University of Akron campus. The first buildings will be ready for student occupancy January, 2011, in conjunction with the start of The University of Akron’s spring semester.

The EnVision apartment community will consist of 111 (one-hundred eleven), two- and three-bedroom units and will afford residents expansive and luxurious living and recreational space along with environmentally friendly technologies. These student residences will cater to the needs of all students including graduate students, honors students and advanced students. Apartment units equipped and adapted for use by the physically disabled will also be available on the site. Unlike typical student housing, there will be 150 parking spaces available for residents of the property.

The community will include amenities that will feature furnished apartments, fully equipped “Energy-Star” appliances in each large kitchen area, granite kitchen surfaces, “tankless” hot water systems, electronic building and bedroom entry systems, Cat 6 wireless internet access throughout the apartment “campus”, HBO and Time Warner Cable, secured indoor bicycle storage, laundry, study and recreation centers in each building. The property will house approximately three-hundred (300) residents within its five buildings, all in a park-like setting consisting of mature trees and plantings. Unlike typical student housing, each apartment will boast large “gathering” and dining areas that will maximize the social experiences and interaction with roommates and guests.

“Our recipe for success has always been to make sure that our residents feel at home. " commented, Edward Newman, Chief Executive Officer. "This new development will not only be a winner for the students, the University and the community, but for the parents who need to know that their young adults are in a safe, enjoyable and comfortable environment. The lifestyle that we intend to create and foster will afford housing options to students that have not been available in the past. EnVision offers larger than average student apartments located just a few feet from campus with plenty of accessible parking. We are looking forward to providing our very best to students at The University of Akron.”

For additional information please visit envisionapartments.com or contact: Mr. Edward M. Newman, CEO, CPM, Summit Management Services, 730 W. Market Street, Akron, OH 44303, (330) 762-4011, enewman(at)summitmanagementservices(dot)net

Backgrounder

EnVision Apartments is the vision of Akron developers Edward and Herbert Newman and their partners in what they believe will anchor and solidify the southern neighborhood of the University Park community near The University of Akron campus. Total investment from the design to completion phase is anticipated to exceed $12 Million Dollars.

Bialosky & Partners-Architects of Cleveland was commissioned to create and implement the design phase of this endeavor, which represents an adaptive re-use of existing structures. All structures will have red brick exteriors in recognition of Akron’s industrial past and will utilize a large number of “Energy-Star” windows in the design to exploit the advantages of natural lighting opportunities.
Regency Construction of Cleveland has been charged with Construction Management responsibilities.

The property will be managed by the Newman’s housing management firm, Summit Management Services, Inc., based in Akron, and which presently operates over 3,000 housing units in Ohio, Colorado and North Carolina. This number includes almost 500 “student” apartment units comprised of four (4) communities in Kent, Ohio and Ft. Collins, Colorado.

Herbert Newman, a University of Akron School of Law graduate who founded Summit Management in 1979 stated, “As a family that was raised, grown and prospered within the Akron community, we felt that it was important to make another significant financial commitment to the community, in addition to the housing we have created throughout Akron and Summit County in the past. We also wanted to become an integral part of the noteworthy development in the University Park neighborhood because it is a high growth area, and is greatly supported by financial and social commitments made by others, including The University of Akron and the City of Akron”.

Edward Newman, Summit Management’s Chief Executive Officer continued, “We are energized by the tremendous growth of the University Park neighborhood and decided that this was a project that we should undertake because of our family’s strong and long-held belief in our community. The breath-taking transformation of The University of Akron campus has been the impetus for this enormous financial investment. Student housing has become a niche for us elsewhere and we concluded that it could be done here and done successfully. Also critical to this process was our insistence that “green” technologies be incorporated and utilized in the design and construction phase and within the apartments upon occupancy through our management component.”

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