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Progress Development Group withdraws apartment building plans for Nittany Village Park

Today
Rain. Thunderstorms possible.mainly in the afternoon. High 72F. Winds WSW at 5 to 10 mph. Chance of rain 90%..
Tonight
Scattered thunderstorms early, then cloudy skies after midnight. Low 59F. Winds light and variable. Chance of rain 60%.
Updated: July 1, 2021 @ 4:21 am ....

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Developer Outlines Plans for Proposed Affordable Housing Project, Impact on Nittany Village Park

A State College developer on Monday night detailed plans for a proposed affordable housing project on South Atherton Street that has drawn concerns from neighboring residents over its encroachment on an adjacent public park.
Progress Development Group, an affordable housing-focused subsidiary of HFL Corporation, is looking to acquire 1306 S. Atherton St., the former location of RBR Recumbent Bicycles, and construct the 36,000-square foot, four-story Parkland Apartments building with 26-units priced for renters based on state and federal income guidelines, HFL Executive Vice President Ara Kervandjian said during Monday’s borough council meeting.
To do so, PDG has proposed a long-term lease with the borough to use “a crucial and necessary portion of Nittany Village Park,” which sits directly behind the Atherton Street property. ....

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