MILLERSVILLE UNIVERSITY BREAKS GROUND ON NEW LIVING COMMUNITY

MILLERSVILLE, PA. — Millersville University students, administration and a development crew celebrated the official groundbreaking and beam signing for the first phase of new living-learning communities on the Millersville University of Pennsylvania campus. Project developer, Ambling University Development Group, was awarded the project through a national bid process along with its partner firms, Benchmark Construction and architecture firm Lord, Aeck and Sargent. The project marks the initial phase of Millersville's plan to replace all 2,200 on-campus beds with modern, suite-style accommodations while maintaining a consistent bed capacity throughout the modernization initiative. The project cost is $180 million. The first phase is slated for completion by fall 2014 and will include 709 beds in two buildings. Phase I includes 188,272 square feet and 267 units in a mix of single and double occupancy semi-suites and full suites. The tax-exempt bond financing for the project was coordinated by RBC Capital Markets and recently closed at an interest rate of 4.54 percent. Student Services Inc. will serve as the owner of the new facilities.