Project: APEX 550Loft - Penn State York, PA
Value Once Complete: $11.2 Million

Overview:
This is a 41 unit, 208 bed student housing project in York Pennsylvania. This will serve Penn State York, York College, York Hospital and The Culinary Arts School. Units will open by August 2007. This urban loft is a catalyst for neighborhood rejuvenation with added phases to come.

Details:
The project involves extensive renovation to a 1912, 4-story mill building into loft style apartments and a new building addition with project cost of $8,500,000 and loans from Susquehanna Bank are in place and it has a completed value at $11,237,000 when stable.

Financing is in place and the building purchased. Construction is now in progressing with demo work completed and new work beginning and work completion planned for summer 2008.  

EPG is providing all development services and John Walsh is 50% owner of the project with Greg Pellathy at 50% as a part of the APEX Housing Group LLC.

This project is an outstanding adaptive reuse and urban infill model and will likely be an award winner.  

Media:
View APEX 550Loft Website
View Floorplans/Elevation (.pdf)