By Real Estate Daily News
TUCSON, AZ (April 3, 2024)—The West University Neighborhood, listed on the National Register of Historic Places as Tucson’s first suburb north of the Southern Pacific Railroad, is about to get a new student housing community.
Six years in the making, Capstone Collegiate Communities has been working with all the stakeholders to assemble approximately 1.5 acres at the southwest corner of Speedway and Euclid. It closed on nine parcels from five sellers for over $10 million on March 28, 2024.
Five historic bungalows on that site will survive and be moved a few blocks away in the West University neighborhood. A sixth landmark home is deemed in too much disrepair and will be demolished.
Four of the five will go to a mostly empty lot on Second Avenue, with another one going across the street to the site where a home currently stands that will be taken down.
