Friday, February 6, 2015

Charlie Munger's unique student housing project

The University of Michigan isn’t usually a school that tries to compete with off-campus student housing by adding lots of newon-campus beds. But when it plans a new residence hall, it certainly implements some unique elements.

The 632-bed Munger Residences, which is scheduled to be completed this summer, will be open only to graduate and professional students. A $110 million gift from Michigan alumnus Charles T. Munger, a vice chairman of Berkshire Hathaway, helped fund construction of the $185 million project, which has a vision of “fostering a trans-disciplinary community where students live and exchange ideas together.” The gift, incidentally, was the largest in university history.

Munger’s unit mix is certainly conducive to exchanging ideas. It’s a high-density property, with the bulk of the 96 units comprising either six or seven bedrooms (layout pictured at left), each with their own private bathroom. Some three-bedroom units are available. Each unit has an additional half-bathroom for use by all residents and guests.

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