Rise Student Housing
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Rise Student Housing

State College, PA

Residential - Student Housing

Development Oversight

Role

RPL provided development oversight services on behalf of an insurance carrier equity group.

Unique Approach

  • Excavations and foundations dealt with variable underground conditions
  • Modern exterior design and interior finishes
  • Located downtown with campus literally across the street

Outcomes

  • Apartments leased up very quickly by students prior to building being completed
  • Students loved the fun amenities

Scope of Work

Development of a new high-rise apartment complex purpose-built for student housing and ground floor retail space located across the street from Penn State University’s main campus.

Project Summary

  • Client: Equity investment group within top-tier insurance company
  • Location: State College, PA
  • Size: 575 beds, 20,000 SF
  • Timeline: 2017 to 2018
  • Services: Development Oversight
  • Cost: $87 million
  • Architect: Shepley Bullfinch
  • Contractor: Leonard S. Fiore