I'm not going to lie, I haven't been on campus in a while since I've been living in Virginia, but that place (the Villa) was a dump when I was school. If the owner(s) have completely renovated it for the elderly, I'm such they had to have help to do it. I don't think the Villa had elevators, which I think is a requirement for an elderly home.
Here's a Google Earth aerial file photo dated 3-17-2014 of the Villa. You can see the Villa was unused.
Here's a Google Earth street view of the Villa. I'm not sure when this picture was taken but it shows the Villa in use.
It would be nice if the Villa could be replaced with apartment like the ones below, which is also just off the campus: