(To read more on the multifamily market, click here.)
WEST CHESTER, PA-In one of the state's largest constructioncontracts this year, Allen & O'Hara Development Co. LLC, theMemphis-based subsidiary of Education Realty Trust, has beenselected to develop a $250-million project. The 136-year-old WestChester University of Pennsylvania will receive new student housingbuildings constructed on the campus.
The first phase of the multi-year project includes constructionof about 1,050 beds at a cost of $64 million or about $60,952 perbed. The new housing will offer two-person shared suites andtwo-person private suites. The seven-story on-campus communitiesare scheduled to open beginning in August 2009.
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