Modern lofts raise the roof on college quarters

New "lofts" are starting to pop up throughout the University of Michigan's campus and the high prices are coming with them.

Excerpt:

Devon Porter, a sophomore at the University of Michigan, will be one of the first to move into a new upscale loft development that is to open in May on Washington Street in Ann Arbor.

Porter, 19, from Farmington Hills at first thought the monthly rents ranging from $750 to $1,450 a person would be out of reach. But the lure of granite countertops, built-in flat-panel HDTVs, maple-faced cabinets and upscale furnishings made her do the math.

"A lot of people say 4 Eleven Lofts is really expensive," said Porter, a dual economics and film major. "People don't realize how much you pay to live in the dorm."

The students' excitement is growing over the impending opening of the lofts building and another 10-story upscale apartment complex called Zaragon Place on University near the Diag. Zaragon is to open in May and offers two-, four- and six-bedroom units ranging in price from $2,500 to $6,000.

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Modern lofts raise the roof on college quarters

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