Popular with investors, Capstone Quarters offers students luxury
By Don Dodson
Sunday October 29, 2006
Robert K. O'Daniell
Joy and Ralph McClaugherty and their son, Noah, 7, stand outside the condominium they bought as an investment at Capstone Quarters in Urbana.
URBANA – When Joy McClaugherty and her husband Ralph were searching for a real estate investment, they settled on a $140,000 condominium in a complex that caters to college students.
The 208-unit complex, Capstone Quarters, opened this summer on North Lincoln Avenue in Urbana – just north of the Campus Connection apartment community and just south of the Holiday Inn and Conference Center.
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