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Penn State buying Nittany Village for $21.9 million

By Dan Miller, danmiller@pressandjournal.com
Posted 9/14/18

The 267-bed Nittany Village student housing complex at 451 W. Main St. in Lower Swatara Township is being purchased by Penn State University.The university Board of Trustees during its Friday, Sept. …

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Penn State buying Nittany Village for $21.9 million

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The 267-bed Nittany Village student housing complex at 451 W. Main St. in Lower Swatara Township is being purchased by Penn State University.

The university Board of Trustees during its Friday, Sept. 14 meeting at University Park approved purchase of Nittany Village by Penn State from Lawrence Street Partners LP for $21.9 million.

The Board of Trustees in the same meeting also voted to acquire approximately 5 acres of ground immediately adjacent to the Penn State Harrisburg campus in Lower Swatara Township for a price not to exceed $2.5 million. The ground is being purchased from Spring Street Property, L.P.

Penn State is already leasing the land, which serves as the campus soccer field, according to a release posted on the Penn State website following the meeting on Sept. 14.

Both purchases are to help address “the needs of a growing residential student population at Penn State Harrisburg,” the release said.

The release notes that Penn State Harrisburg has experienced steady growth for more than a decade and now enrolls nearly 5,000 students.

The demographic profile of first-year students has also changed significantly, with out-of-state and international students now making up 50 percent of first-year enrollments, Penn State said. However, current on-campus housing can only accommodate 433 students.

“While new, private off-campus developments have helped to meet the demand for student housing, the college’s long-range master plan recommends expanding on-campus, University-owned housing to provide high-quality residence life programs to the student body,” Penn State Harrisburg Chancellor John M. Mason Jr. was quoted in the release. “These programs promote stronger student engagement, assist with first-year transition and enhance the overall student experience.”

“Acquisition of the Nittany Village complex allows us to begin that expansion now and to broaden the important impact of residence life programs for our students,” Mason added.

Nittany Village was built in 2012 according to Penn State design and construction standards, according to the release.

The complex is comprised of three separate buildings on 5.5 acres, immediately adjacent to the Penn State Harrisburg campus and across from the planned new Middletown Amtrak train station.