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School Gets Developer for $250M Project

WEST CHESTER, PA-Allen & O'Hara Development Co. will replace obsolete dormitories at the 136-year-old university with new student housing.

By Alex Finkelstein | Updated on February 12, 2007

(To read more on the multifamily market, click here.)

WEST CHESTER, PA-In one of the state’s largest construction contracts this year, Allen & O’Hara Development Co. LLC, the Memphis-based subsidiary of Education Realty Trust, has been selected to develop a $250-million project. The 136-year-old West Chester University of Pennsylvania will receive new student housing buildings constructed on the campus.

The first phase of the multi-year project includes construction of about 1,050 beds at a cost of $64 million or about $60,952 per bed. The new housing will offer two-person shared suites and two-person private suites. The seven-story on-campus communities are scheduled to open beginning in August 2009.

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