Mansfield, Pa. — The housing is a third-party, on-campus development.
Mansfield, Pa. — EdR has closed financing and has begun construction on a $53.6 million third-party student housing development on the Mansfield University campus in Mansfield, Pa.
This second phase continues the university’s master plan to replace out-dated residence halls with modern living accommodations that will blend with Mansfield’s historical setting in the mountains of north central Pennsylvania.
The two buildings in this phase will be constructed using modular techniques. Scheduled to open in summer 2013, they will provide 684 beds within a variety of 322 fully furnished suite-style units and will include a multi-purpose room, a conference room along with other amenities to promote a community atmosphere for the underclassmen who will live there.
EdR recently completed the 634-bed building in Phase I which is fully leased for fall 2013.
The Mansfield Auxiliary Corporation, a private non-profit organization comprised of Mansfield area business leaders and ex-officio members of the university’s administration, is leading the on-campus housing revitalization and will own the lease-hold improvements through a ground lease with the university.
EdR’s team includes WTW Architects as the lead architectural and design firm, along with Wohlsen Construction as the general contractor. Raymond James | Morgan Keegan is the placement agent and underwriter, and arranged the tax-exempt financing with the United States Department of Agriculture and First Commonwealth Financial Corporation.