With Burlington’s rental vacancy rate still far below the national average, the University of Vermont is taking matters into their own hands to increase options for its undergraduate students. The solution? A $100 million apartment complex located next to the DoubleTree hotel off exit 14 of Interstate 89.
Officially named “Catamount Woods”, the complex is estimated to house 540 students and will be built on land already owned by the university. Through a partnership with a private developer, the university is expected to chip in approximately 25% of the total construction costs and are hoping that students will be moving in as early as fall of 2025.
For more information on this story check out the article "UVM adding new housing for undergrads on campus" on the WCAX website. Since 1985, our Team has helped thousands of clients buy, sell and invest in Northwest Vermont real estate. As the top selling Team in Burlington, our goal is to provide you with deep local insight, up-to-the-minute information, and relevant resources necessary to make your purchase or sale an informed, profitable and rewarding experience.