South University Village, Wayne State's joint development project with Prime Development, is described in this item announcing the groundbreaking event held at the old Vernors site. Studio One Apartments LLC will build and finance the new 155,000 square-foot five-story mixed-use building - of which 26,217 square feet is first-floor commercial plus four levels of market rate residential rental units - projected to cost $20 million. The university will build and finance a four level parking garage - projected to cost $15.9 million - to serve the needs of the general public, the residential/retail complex and the university. The planned completion dates and openings are set for spring/summer of 2008. An image of the planned project is included in both stories.