By Emily Miller
REXBURG — Some apartment complexes that have housed Brigham Young University-Idaho students for years as part of the university’s approved housing network are preparing to leave that network to sell units individually as condos.
Why are apartment complex owners taking this route, and what has created a market where this seems like the best move to some owners?
So far, the owners of two Rexburg apartment complexes, Brigham’s Mill and University View, have received plat change approval from the Rexburg City Council, opening the door to leave the student housing system and sell individual units.
A third complex, The Roost, has condos for sale on the multiple listing service and signs outside advertising condo sales, but according to Rexburg Planning and Zoning Administrator Alan Parkinson, The Roost hasn’t started the process for the necessary plat change approval.
“The Roost has not even applied for a condo plat at this time, so no legal sales can be completed until the process is completed with approval from City Council,” Parkinson says.
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