upscale dorms are for people who do it realize they should be spending most nights at the library hitting the books.
When cheap money started flowing after the GFC, crap shacks and run down apartment buildings were replaced with upscale apartment buildings. Anyone that hasn't been to campus in 10 years wouldn't recognize the main drag and surrounding areas. At least one of the new apartment towers is considered luxury. The campus also replaced many rundown dorms. I suspect many of those dorms have the amenities to compete with the new apartment buildings.
“most nights at the library hitting the books”
The library is now superfluous. Most books and academic papers are now available online.