News

Coborn Plaza Apartments

Wednesday, May 19, 2010

The north section of Coborn Plaza, viewed from Fifth Avenue

The north section of Coborn Plaza, viewed from Fifth Avenue.

The north section of Coborn Plaza, viewed from Fifth Avenue St. Cloud State's welcome center (left) is at the south end of Coborn Plaza 

Coborn Plaza Apartments on Fifth Avenue offer unmatched campus living at prices that nearly match off-campus rates.

That's the calculation of Department of Residential Life officials managing the 455-student housing complex opening in August on the former Coborn's grocery store site adjacent to campus.

At first blush, the studio, two- and four-bedroom units at Coborn Plaza appear much more costly.

But, factor in brand-new furniture and appliances, paid utilities including expanded basic cable, wireless internet with university network access, private bathroom, state-of-the-art security features, in-unit washer and dryer and other amenities and the value-to-cost difference narrows considerably, according to Dan Pedersen, director of residential life.

"This high-amenity, high-value housing option is unmatched for St. Cloud State University students," said Pedersen.

    View a 30-second video about the apartment complex:

    A limited number of $200 scholarships are available for students who refer someone who contracts for an apartment. For details view the real-costs comparison (PDF).

    St. Cloud State is leasing the housing complex and a 12,000 square-foot welcome center from the J.A. Wedum Foundation, a Minneapolis non-profit that develops housing for students and seniors.

    The apartments will operate with Residential Life staff, policies and procedures.

    Coborn Plaza is the initial phase of Fifth Avenue Live, a $165 million mixed-use development expected to remake both sides of Fifth Avenue from Ramsey Place north to Minnesota Highway 23. The pair of four-story buildings will also have 20,000 square-feet of retail space.

    Proposed per person rental rates are:

    Four-bedroom unit

    $3,480 per semester, $6,960 for 10-month agreement, $8,352 for 12-month agreement

    Two-bedroom unit

    $3,650 per semester, $7,300 for 10-month agreement, $8,760 for 12-month agreement

    One-bedroom unit

    $3,785 per semester, $7,570 for 10-month agreement, $9,084 for 12-month agreement

    Studio unit

    $3,730 per semester, $7,460 for 10-month agreement, $8,952 for 12-month agreement

    Parking permit

    $300 per semester, $580 for 10-month agreement, $675 for 12-month agreement

    Students who complete terms of a 12-month agreement are eligible for a 2 percent discount. The discount will be applied on the last month of the contract term. There is a surcharge for some larger two- and four-bedroom units.

    Apartment details

    Fifth Avenue Live is a project of 5th Avenue Development, LLC, a partnership that includes the Coborn family, Cornerstone Construction of St. Cloud, and local attorney and St. Cloud State alumnus, Brian Schoenborn.

    The university recently named the two buildings to honor the Coborn family's community contributions.

    Apartment amenities include:

    • Keyless access to private and common spaces
    • Secured entrances and video surveillance
    • Private bedrooms
    • Private baths
    • In-unit washer and dryer
    • St. Cloud State data network and Internet
    • Extended basic cable television

    << Previous  |  Archive  |  Next >>

    Contact
    University Communications
    St. Cloud State University