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Akron s 22 Exchange building to convert from student housing
The 22 Exchange student housing building soon will be converted to market-rate apartments.
Downtown Akron is getting a new round of apartments that are expected to come online next year, thanks to the redevelopment of a major student housing complex.
The project is at the corner of South Main and Exchange streets in what s known as 22 Exchange a student housing project that went into foreclosure and was subsequently sold last year.
The buyer, Alabama s Capstone Real Estate Investments, is converting the building to market-rate apartments that it plans to begin leasing next year, said Capstone principal and executive vice president Christopher Mouron.