Wednesday, July 15, 2015

Student Housing Development to Break Ground in State College

Landmark Properties has joined with PennTrust Properties LLC to develop The Metropolitan, a planned 80,000-square-foot property that will include a 540-bed student housing project at 400 E. College Ave. in State College, PA.

The Metropolitan will feature a 12-story, 80,000-square-foot, mixed-use building including about 32,000 square feet of commercial and retail space, a 9,000-square-foot clubhouse and amenity area, 164 underground parking spaces for retail customers and tenants, a rooftop terrace, and fitness center. Residents will have a variety of floorplans to choose from, including studio units up to five-bedroom suites. Each unit will feature stainless steel appliances, cable and high speed internet, floor to ceiling windows, private baths and granite countertops.

This project is tentatively planned to break ground this month and pre-leasing will begin the second quarter of 2016, with delivery in time fall 2016. Landmark Construction will serve as general contractor on the project, and Landmark Properties will handle management.

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