Towards New Urbanist student housing: A comparative pro forma analysis of private mixed-use housing with university owned housin

The study has compared pro forma of privately owned mixed-use housing and university owned campus residence. The study is an endeavor to find out financial benefits of mixed-use campus residence. Modern planners and advocates of New Urbanism are making effort to encourage compact development in order to address the problems of suburban sprawl. Alarmed by the natural disasters and changing climate, planners have realized that sprawl is a major environmental issue that needs to be changed. Universities have also started building mixed-use residence for students to promote sustainability on campus. The study has focused on the financial aspect of mixed-use campus housing.;The data used for the study have been collected from the authority of Tailwind Group and Department of Residential Life, Minnesota State University of Mankato in 2013. Tailwind mixed-use housing has been determined as profitable because of its proximity to campus. Although Julia Sears' required rent per square feet is high, the building is state owned and therefore it is also financially secured. Assuming Julia Sears was a mixed-use campus residence, rent required per square feet is less than that of Julia Sears as constructed. This study will be beneficial for the Department of Residential Life, as well as the university to consider implementing new urbanist design principles on campus.