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CA Ventures Starts Mixed-Use Development at Penn State

The 734-bed development will bring a new Jewish community center, European arcade-style retail stores and expanded parking to intersection of Garner Street and Beaver Avenue.

Rendering of HERE at State College, State College, PA Rendering of HERE at State College, State College, PA

STATE COLLEGE, PA—CA Student Living, the student housing investment and development division of Chicago-based CA Ventures, has begun construction on HERE at State College, a 510,112-square-foot residential and retail complex at 131 Hiester St. in State College, PA, one block from the Penn State University campus. Developed in partnership with Friedman Real Estate Group and Penn State Hillel, the 12-story development is scheduled to deliver in summer 2020, with pre-leasing set to begin next fall. Penn State Hillel’s new 18,000-square-foot facility will be housed on two floors of the development.

“HERE at State College will infuse enormous energy into this prominent downtown site, transforming a former parking lot into modern apartments, a vibrant community center and expanded retail offerings,” says JJ Smith, president of CA Student Living. “When our new development opens its doors in fall 2020, Google Maps will need to relocate its pinpoint to mark the center of State College to HERE—a new epicenter that will catalyze additional investment and benefit those who live, study and work here.”

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Steve Lubetkin

Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].

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