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Metropolitan Developer Announces Partnership With National Student Housing Giant

by on July 10, 2015 11:45 PM

Plans for the Metropolitan project may see some adjustments now that the local developer has struck a deal with a national student housing development company.

On Friday, State College-based PennTrust Properties announced in a news release that it had entered into an agreement with Landmark Properties, a large development company based in Georgia with a focus on student housing. The two companies will work together on the 12-story mixed-use apartment and office building.

“While we don’t anticipate making any significant changes to the project, we will be making a few tweaks to the unit configurations while also adding additional amenities to the project," says Landmark CEO Wes Rogers in the release. The news release does not specify what kinds of changes or additional amenities may be added.

A construction company associated with Landmark Properties will take over as the general contractor for the Metropolitan, while Landmark Properties will act as the property manager. Landmark previously was involved in the development of the student housing complex the Retreat on Waupelani Drive.

“Based on our experience with The Retreat at State College we are confident in Penn State and the State College market and look forward to partnering with PennTrust to bring The Metropolitan to market,” Rogers says in the news release.

This new partnership comes less than a month after PennTrust pushed back the completion date of the Metropolitan back by a year, citing an unusually harsh winter as the chief cause of the delay. Construction is now expected to wrap up in July 2017.

The complex will have one floor of retail space, one floor of office space, seven floors of student housing and three floors of housing for young professionals, families and alumni, with commercial event space on the top floor. Preleasing of apartments ranging from studios to five bedroom units will begin next year.

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Michael Martin Garrett is a reporter and editor for StateCollege.com who covers local government, the courts, the arts and writes the Keeping the Faith column. He's a Penn State alumnus, a published poet and the bassist in a local indie rock band.
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