Potter says, “Parents love us too, since we provide a very safe environment at a lower cost than the dorms– around $600 or $700 a month.”

The company already operates one fully-occupied apartment building, situated on the 3300 block of Spring Garden St. in the University City neighborhood around Drexel and the University of Pennsylvania. The new buildings, going up on the sites of former industrial buildings on Hamilton Street have been qualified as Drexel-approved student housing for sophomore students and above.

To qualify as university-approved, buildings must meet certain safety, security and other requirements, Potter says. Potter notes that his company seeks to build only on sites where streets are patrolled by University police.

“The strong appeal for students and their parents is that these are new-construction, upscale units in a community largely comprised of older buildings,” Potter says

The two new buildings will be ready for the start of the next school year, says Potter.

Each will house more than 30 apartments, mainly 3-bedroom/3-bathroom units. Some apartments will have three bedrooms and two baths and a few will have two bedrooms and two baths.

Some student apartments have underground parking spaces attached.

A third building is planned for a site at 38^th& Lancaster, according to Potter. Also, the company has other buildings under development for the area, and maintains two properties on Temple University's campus on the 1400 blocks of N. 15th Street and Carlisle Street.