The University of Maryland Board of Regents plans to purchase the Burkeshire of Towson building, an 18-story apartment complex adjacent to Towson State University that will add 202 student dwellings this fall.
The $16.8 million purchase from local developer Nicholas Mangione is on the agenda of the state Board of Public Works tomorrow.
Included in the price will be a skywalk across Burke Avenue to link the apartment building to the TSU campus, said TSU spokesman Dan McCarthy.
The Burkeshire purchase is part of the university's master plan, which calls for acquisition or construction of four new apartment or dormitory buildings on campus in the 1990s. The seven-story, 420-student Towson Run apartment building was completed this year and already has filled up, McCarthy said.
University Vice President Donald N. McCulloh said the Burkeshire will bring the number of apartments and dorm rooms at TSU to 3,700. The Burkeshire contains one- and two-bedroom apartments and is expected to house 425 students. The building also has a dining facility.
Rental prices have not been set, McCulloh said, but other dormitories at TSU cost $2,600 for two semesters while campus apartments rent for $2,900.
"We need the space," McCulloh said. "We now have a waiting list for on-campus housing now."
The Burkeshire currently is a senior citizen residence, although only six units are currently occupied, a McCulloh said. Those tenants would be relocated, he added.
If approved by the Board of Public Works, the building will be purchased through a revenue bond sale scheduled this spring by the regents to finance auxiliary facilities at various UM campuses. Chancellor Donald N. Langenberg recently traveled to New York to present the details of the sale to bond-rating agencies.