UI frat's old house making way for new house, apartment tower

UI frat's old house making way for new house, apartment tower

CHAMPAIGN — Demolition is underway on the former Alpha Delta Phi fraternity near Fourth and John streets in Campustown, where a new fraternity house and 14-story apartment tower are planned.

The lot at 310 E. John St., C, has been divided in two, with the north half sold by the fraternity for $7.52 million to Opus Development of Chicago for new student apartments. That's more than twice the market value of $3.6 million assigned by Champaign County assessors in 2017.

Opus plans a $31.48 million apartment complex facing Fourth Street, with 11 floors of residential space and three levels for parking, according to a building permit filed with the city of Champaign.

That permit is still under review, but the company was granted a permit for the footings and foundation in December, building safety supervisor Larry Happ said.

The complex will have 218 apartments and rooftop amenities, including a pool and deck, Happ said.

"After purchasing the plot of land for the development from the Alpha Delta Phi fraternity, we're excited to have demolition underway for a new student living community on the edge of the University of Illinois at Urbana-Champaign campus. We are looking forward to sharing more information and project details for the highly-amenitized, 14-story project early next week," Ben Angelo, senior director of real-estate development for Opus Development, said in an email.

Alpha Delta Phi's UI chapter closed in March 2015, and the house was vacated a few months later. Built in 1924, the house was in poor condition and it no longer made financial sense to keep it open, according to the fraternity.

Using proceeds from the land sale to Opus, the Illinois Alumni Association of Alpha Delta Phi intends to reopen the UI chapter with a new house on the south half of the lot at 310 E. Green St. Construction is not expected to start until at least 2019.

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welive wrote on January 10, 2018 at 1:01 pm

wow another high rise apt building.was wondering with all the new apartments going in.How many are rented out? and how many are empty? i know Burnam is at only a 50% filled.

Thanks