According to the university, the plan to convert the luxury apartment building follows the completion of a three-year housing review in which undergraduates requested more on-campus housing on the north end of campus. The students requested greater access to campus facilities and amenities.
The new apartments will be available to students in the 2024-2025 academic year.
Syracuse University purchased The Marshall for $69.4 million in 2021 to increase student housing near its main campus. Rosen Property Group completed the eight-story mixed-use complex for $40.5 million in 2019. At the time, the project received nearly $2 million in tax breaks from Onondaga County.
Amenities include a fitness center, laundry room, study, and entertainment areas. Syracuse University recently announced that it would turn the university-owned Sheraton Hotel into a nearly 400-bed residence hall by fall 2024.