A new apartment complex, set to open in 2014, is displacing several soon-to-be empty homes near the BYU-Idaho stadium, a company representative said.
“It will have space for to 1,078 residents,” said Cory Sorensen, a representative of the unnamed project.
Sorenson said that figure is subject to change, as the complex may make space for light commercial use as well.
“We’ll likely set aside some space for retail or food service,” Sorenson said. “There will probably be a few small restaurants or stores, which will take some residence space.”
The space, which lies on First West between First and Second South, is currently occied by private homes. Most of these homes are empty, but a few residents still live on the block.
“The owners of these homes were paid two to three times what their homes were worth,” Sorensen said. “They were happy to sell their homes to us for that price.”
The people living on the block will move as soon as they’ve secured another place to live, he said. Some of the homes may even be moved from their current location to another lot, at the discretion of the homeowner.
The complex is currently seeking the approval and advice of BYU-Idaho and the city of Rexburg.
Considerations for each entity include how much of the space will be available for single students versus married students, how much commercial space there will be and how much additional pedestrian and vehicle traffic the new building may bring.
“We’re trying to work with what the university would like to see and what the city would like to see and what we would like to see,” Sorensen said. “It’s a work in progress.”
Sorensen is confident that the complex will open in 2014.
“We’ll probably roll out the complex over several months,” he said, with buildings opening as they are completed.
It is also expected to have a lot of open space and parking for about 45 percent of its residents, since the buildings will be in the pedestrian emphasis zone.
This zone is designed for students who won’t bring cars to Rexburg and who will need to be within walking distance of the university and shopping.
“It’s going to be an amazing place,” Sorensen said.