Penn State Development Breaks Ground
Scheduled for completion in 2020, the 12-story mixed-use complex in State College, Pa., will have 227 apartments and 30,000 square feet of retail space.
CA Student Living, the student housing investment and development division of CA Ventures, has launched construction on HERE at State College, a 510,112-square-foot residential and retail complex in State College, Pa.
The 12-story development is located at 131 Hiester St., one block from the Pennsylvania State University campus. Developed in a partnership with Friedman Real Estate Group and Penn State Hillel, the project is scheduled to be completed in the summer of 2020, with pre-leasing to begin next fall.
The property will have 227 apartment units with a total of 734 beds, located on floors three through 12, as well as 30,000 square feet of retail on the lower two levels. The retail space will surround a new public courtyard.
The new Penn State Hillel Center will be located within the project and will serve the estimated 5,000 Jewish students who attend the university, providing lounge and study space, workspaces, flexible event spaces and a private terrace.
Apartments at HERE at State College will comprise a mix of one- to five-bedroom units, ranging in size from 500 square feet to 2,000 square feet. The development will include amenities such as a fitness center, club room, study lounge and several private study areas.
“HERE at State College will infuse enormous energy into this prominent downtown site, transforming a former parking lot into modern apartments, a vibrant community center and expanded retail offerings,” said JJ Smith, president of CA Student Living, in prepared remarks.
This is the second mixed-use development at Penn State for CA Student Living, which previously opened RISE at State College, a 12-story, 575-bed development at 532 E. College Ave., in August.
In July, Landmark Properties broke ground on The Standard at State College, a 243-unit development with a total of 1,007 beds.
Image courtesy of CA Ventures