HERE at State College
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State College, PA

Residential - Student Housing

Due Diligence and Development Oversight

    Our Role

    RPL served as an investor representative and provided due diligence and development oversight services on behalf of a private equity group.

    Unique Approach

    • Project required combining multiple lots in downtown State College, adjacent to a PennDOT-maintained state highway.
    • Coordination of multiple stakeholders and investors for design, including space for a new Hillel Jewish Center, retail, and parking.
    • Project encountered some soil challenges and was shut down for approximately 3 months due to COVID-19 – team navigated through keeping the project on track.


    • Project delivered later than scheduled but opened in time for students.
    • Project completed on budget.
    • High quality product in a great location.
    • Completed building sold quickly to next owner.

    Scope of Work

    Development of a luxury off-campus apartment building located in downtown State College, serving students of the Penn State University. The property includes several types of residential units, high-end amenities including a golf simulator, indoor spa, and penthouse lounge.  It also includes two levels or retail spaces and underground parking and bike storage.

    Project Summary

    • Client: Equity group of confidential insurance carrier
    • Location: State College, PA
    • Size: 756 beds, 227 units, 12 floors, 440,000 GSF
    • Timeline: 2018 to 2021
    • Services: Due Diligence and Development Oversight
    • Cost $142 million
    • Architect: Shepley Bulfinch
    • Contractor: Brinkmann Constructors
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