SHIPPENSBURG, PA-Campus Apartments, a Philadelphia-basedstudent-housing developer, will upgrade Shippensburg University'son-campus housing at a first-phase cost of $63 million. Theproject, which also includes a new wellness center and honorcollege facilities is set for completion in the fall of 2012.

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This is the second development deal in the state that CampusAparments' management announced this month that it inked. It isalso building a 413-room freshmanresidence hall at St. Joseph's University inPhiladelphia.

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The local project will break ground next year. It is comprisedof three residential buildings that will accommodate 900 studentsin addition to the honors college.

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Shippensburg has about 8,500 undergraduate and graduatestudents. It is located about 45 miles southeast of Harrisburg.

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Campus Apartments operates about 26,000 beds across the countryserving 70 educational institutions. The firm has more than $1billion of assets under management.

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