It's part of a bigger initiative to bring all university housing closer to the university.
I've talked in the past about how depressing it was the first time I returned to Syracuse after graduating. It was only seven or eight months later but it had already felt as though the world had moved on and forgotten me. One of the clearest signs of this was how my Friday Happy Hour tradition (Regatta Bar at Sheraton Hotel at 5:00 p.m. followed by Darwin's) was no longer a tradition. We stopped into the Regatta on a Friday and it was a ghost town.